Miko International Holdings (HKSE:01247) ROCE % : -14.54% (As of Dec. 2023)

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What is Miko International Holdings ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Miko International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.54%.

Miko International Holdings ROCE % Historical Data

The historical data trend for Miko International Holdings's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Miko International Holdings ROCE % Chart

Miko International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-67.40

-37.79

-13.37

-4.10

-7.36

Miko International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.64	-15.50	7.25	0.38	-14.54

Miko International Holdings ROCE % Calculation

Miko International Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-11.689	/	( ( (265.934 - 107.171)	+	(239.049 - 80.302) )	/ 2 )
	=	-11.689	/	( (158.763	+	158.747)	/ 2 )
	=	-11.689	/	158.755
	=	-7.36 %

Miko International Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-23.998	/	( ( (262.769 - 91.346)	+	(239.049 - 80.302) )	/ 2 )
	=	-23.998	/	( ( 171.423	+	158.747 )	/ 2 )
	=	-23.998	/	165.085
	=	-14.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Miko International Holdings (HKSE:01247) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Miko International Holdings ROCE % Related Terms

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Miko International Holdings (HKSE:01247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Miko International Holdings Ltd (HKSE:01247) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Chong Rong Street, Economic Technology Development Zone, Hongbaber Industrial Park, Fujian Province, Quanzhou, CHN, 362000

Website

http://www.redkids.com

Miko International Holdings Ltd along with its subsidiaries is principally engaged in the business of design, manufacture, and sales of children's apparel products. The business operates in two segments namely manufacture and wholesale of children's apparel products and retail outlets of children's apparel products. The wholesaler segment generates maximum revenue for the company. All of its revenue is generated from Mainland China.

Miko International Holdings (HKSE:01247) Headlines

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