MCC Meili Cloud Computing Industry Investment Co (SZSE:000815) ROCE % : 2.81% (As of Mar. 2024)

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What is MCC Meili Cloud Computing Industry Investment Co 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. MCC Meili Cloud Computing Industry Investment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.81%.

MCC Meili Cloud Computing Industry Investment Co ROCE % Historical Data

The historical data trend for MCC Meili Cloud Computing Industry Investment Co'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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MCC Meili Cloud Computing Industry Investment Co ROCE % Chart

MCC Meili Cloud Computing Industry Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.24

3.23

0.37

-9.01

0.46

MCC Meili Cloud Computing Industry Investment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.32	2.13	-0.90	0.91	2.81

MCC Meili Cloud Computing Industry Investment Co ROCE % Calculation

MCC Meili Cloud Computing Industry Investment Co'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 )
	=	9.737	/	( ( (3096.597 - 951.381)	+	(2789.642 - 687.241) )	/ 2 )
	=	9.737	/	( (2145.216	+	2102.401)	/ 2 )
	=	9.737	/	2123.8085
	=	0.46 %

MCC Meili Cloud Computing Industry Investment Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	59.224	/	( ( (2789.642 - 687.241)	+	(2713.323 - 605.469) )	/ 2 )
	=	59.224	/	( ( 2102.401	+	2107.854 )	/ 2 )
	=	59.224	/	2105.1275
	=	2.81 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

MCC Meili Cloud Computing Industry Investment Co (SZSE:000815) 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.

MCC Meili Cloud Computing Industry Investment Co ROCE % Related Terms

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MCC Meili Cloud Computing Industry Investment Co (SZSE:000815) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » MCC Meili Cloud Computing Industry Investment Co Ltd (SZSE:000815) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Telyuan Town, Shapotou District, Zhongwei, CHN

Website

http://www.china-meili.com

MCC Meili Cloud Computing Industry Investment Co Ltd is engaged in the manufacture and sale of cultural and specialty papers, and packaging papers. The business activities are functioned through China. The company's main products consist of Silver light high strength corrugated base paper, High-strength corrugated base paper. Color cardboard. Color offset paper. Loose leaf, Offset printing paper, Ruixue double adhesive tape, Electrostatic copy paper and others. Further, it is also involved in providing cloud platform services, cloud infrastructure services, cloud software services.

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