MLS Co (SZSE:002745) ROCE % : 3.34% (As of Jun. 2024)

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What is MLS 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. MLS Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.34%.

MLS Co ROCE % Historical Data

The historical data trend for MLS 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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MLS Co ROCE % Chart

MLS Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.51

7.88

11.61

2.62

5.51

MLS Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															3.56	6.05	6.42	6.85	3.34

MLS Co ROCE % Calculation

MLS 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 )
	=	835.557	/	( ( (24923.3 - 9780.239)	+	(24361.905 - 9190.959) )	/ 2 )
	=	835.557	/	( (15143.061	+	15170.946)	/ 2 )
	=	835.557	/	15157.0035
	=	5.51 %

MLS Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	497.212	/	( ( (24388.361 - 9193.166)	+	(23518.722 - 8947.657) )	/ 2 )
	=	497.212	/	( ( 15195.195	+	14571.065 )	/ 2 )
	=	497.212	/	14883.13
	=	3.34 %

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

MLS Co (SZSE:002745) 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.

MLS Co ROCE % Related Terms

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MLS Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MLS Co Ltd (SZSE:002745) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 MLS Road, Xiaolan Town, Zhongshan, Guangdong, CHN, 528415

Website

http://www.zsmls.com

MLS Co Ltd is a China-based company engages in the manufacturing and packaging of LED light bulbs. It offers LED ceiling lights, road lights, kitchen lamps, downlights, candle lights, bulb lights, tube lights, rail lamps, grille lamps, filament bulbs, and diodes, as well as light strip. Its products are widely used in commercial lighting, home lighting, industrial and public lighting. The company distributes its products in domestic market and to overseas markets.

Executives

Sun Qing Huan	Directors, executives
Zhou Li Hong	Directors, executives
Zheng Ming Bo	Directors, executives
Li Guan Qun	Executives
Xiao Yan Song	Secretary Dong
Liu Tian Ming	Supervisors
Yi Ya Nan	Directors, executives
Wang Gang	Independent director

MLS Co Headlines

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