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Hing Ming Holdings (HKSE:08425) ROCE % : 1.81% (As of Sep. 2023)


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What is Hing Ming 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. Hing Ming Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.81%.


Hing Ming Holdings ROCE % Historical Data

The historical data trend for Hing Ming 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.

* Premium members only.

Hing Ming Holdings ROCE % Chart

Hing Ming Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROCE %
Get a 7-Day Free Trial Premium Member Only 8.09 5.48 6.53 -0.61 3.85

Hing Ming Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.37 4.79 -9.74 13.45 1.81

Hing Ming Holdings ROCE % Calculation

Hing Ming 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 )
=5.631/( ( (178.896 - 32.213) + (178.662 - 32.599) )/ 2 )
=5.631/( (146.683+146.063)/ 2 )
=5.631/146.373
=3.85 %

Hing Ming 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: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=2.656/( ( (0 - 0) + (170.267 - 23.574) )/ 1 )
=2.656/( ( 0 + 146.693 )/ 1 )
=2.656/146.693
=1.81 %

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

* 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.


Hing Ming Holdings  (HKSE:08425) 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.


Hing Ming Holdings ROCE % Related Terms

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Hing Ming Holdings (HKSE:08425) Business Description

Traded in Other Exchanges
N/A
Address
83-87 Nathan Road, Room A4, 2nd Floor, Tsim Sha Tsui Mansion, Kowloon, Hong Kong, HKG
Hing Ming Holdings Ltd is engaged in the rental of temporary suspended working platforms and other equipment. It also provides trading of equipment and spare parts, such as permanently suspended working platforms, motors, and wire rope and the only operating segment of the Group is rental and related services and trading of equipment and spare parts.

Hing Ming Holdings (HKSE:08425) Headlines

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