Grand Ming Group Holdings (HKSE:01271) ROCE % : 4.83% (As of Sep. 2023)

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What is Grand Ming Group 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. Grand Ming Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.83%.

Grand Ming Group Holdings ROCE % Historical Data

The historical data trend for Grand Ming Group 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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Grand Ming Group Holdings ROCE % Chart

Grand Ming Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.82

1.82

4.92

2.75

35.91

Grand Ming Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															4.91	-1.36	75.70	-3.52	4.83

Grand Ming Group Holdings ROCE % Calculation

Grand Ming Group Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1634.272	/	( ( (10673.73 - 8486.343)	+	(8150.242 - 1235.679) )	/ 2 )
	=	1634.272	/	( (2187.387	+	6914.563)	/ 2 )
	=	1634.272	/	4550.975
	=	35.91 %

Grand Ming Group Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	344.194	/	( ( (8150.242 - 1235.679)	+	(8952.831 - 1609.972) )	/ 2 )
	=	344.194	/	( ( 6914.563	+	7342.859 )	/ 2 )
	=	344.194	/	7128.711
	=	4.83 %

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

Grand Ming Group Holdings (HKSE:01271) 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.

Grand Ming Group Holdings ROCE % Related Terms

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Grand Ming Group Holdings (HKSE:01271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » ROCE %

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N/A

Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

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