M&L Holdings Group (HKSE:08152) ROCE % : 23.49% (As of Dec. 2023)

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What is M&L Holdings Group 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. M&L Holdings Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.49%.

M&L Holdings Group ROCE % Historical Data

The historical data trend for M&L Holdings Group'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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M&L Holdings Group ROCE % Chart

M&L Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.37

-3.26

-6.19

-6.03

11.52

M&L Holdings Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															31.48	15.43	-3.52	10.71	23.49

M&L Holdings Group ROCE % Calculation

M&L Holdings Group'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 )
	=	12.467	/	( ( (194.83 - 90.854)	+	(180.603 - 68.199) )	/ 2 )
	=	12.467	/	( (103.976	+	112.404)	/ 2 )
	=	12.467	/	108.19
	=	11.52 %

M&L Holdings Group'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	26.404	/	( ( (0 - 0)	+	(180.603 - 68.199) )	/ 1 )
	=	26.404	/	( ( 0	+	112.404 )	/ 1 )
	=	26.404	/	112.404
	=	23.49 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

M&L Holdings Group (HKSE:08152) 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.

M&L Holdings Group ROCE % Related Terms

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M&L Holdings Group (HKSE:08152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » M&L Holdings Group Ltd (HKSE:08152) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17-19 Chatham Road South, 21st Floor, Empress Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mleng.com

M&L Holdings Group Ltd is an investment holding. The principal activities of the group are trading and lease of construction machinery and spare parts. It is segmented into Tunnelling and Foundation. The company generates maximum revenue from the Tunnelling segment. Its Tunnelling segment is engaged in the supply of specialised cutting tools and parts for construction equipment. The Foundation segment is engaged in the supply of fabricated construction steel works and equipment. Geographically, the organization has a business presence in Hong Kong, Singapore, and other Asia-Pacific countries, China and other countries, of which key revenue is generated from Hong Kong.

Executives

Cheung King
Ng Yuk Sheung
Jat United Company Limited
Law So Lin
Ng Lai Ming

M&L Holdings Group (HKSE:08152) Headlines

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