Major Holdings (HKSE:01389) ROCE % : -8.18% (As of Sep. 2023)

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What is Major 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. Major Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -8.18%.

Major Holdings ROCE % Historical Data

The historical data trend for Major 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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Major Holdings ROCE % Chart

Major Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.37

-21.47

-3.07

-3.18

-13.17

Major 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															-2.53	-3.82	-5.14	-21.33	-8.18

Major Holdings ROCE % Calculation

Major 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 )
	=	-15.873	/	( ( (173.348 - 46.904)	+	(132.362 - 17.755) )	/ 2 )
	=	-15.873	/	( (126.444	+	114.607)	/ 2 )
	=	-15.873	/	120.5255
	=	-13.17 %

Major 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 )
	=	-9.18	/	( ( (132.362 - 17.755)	+	(124.657 - 14.761) )	/ 2 )
	=	-9.18	/	( ( 114.607	+	109.896 )	/ 2 )
	=	-9.18	/	112.2515
	=	-8.18 %

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

Major Holdings (HKSE:01389) 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.

Major Holdings ROCE % Related Terms

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Major Holdings (HKSE:01389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Major Holdings Ltd (HKSE:01389) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

30 Canton Road, Suite 1507, Tower 2, Silvercord, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.majorcellar.com

Major Holdings Ltd is an investment holding company. It is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. Its products include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. Its revenue are all derived from Hong Kong.

Executives

Silver Tycoon Limited	2101 Beneficial owner
Zhang Guangyuan	2101 Beneficial owner
Zhang Guozhong	2101 Beneficial owner
Cheung Chun To	2201 Interest of corporation controlled by you
Lin Shuk Shuen	2101 Beneficial owner
Zheng Huanming	2101 Beneficial owner
High State Investments Limited	2101 Beneficial owner
Leung Chi Kin Joseph	2201 Interest of corporation controlled by you
Ma Pui Ying	2202 Interest of your spouse
Lai Wai Kong	2101 Beneficial owner

Major Holdings (HKSE:01389) Headlines

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