Be Wary Of Meihua International Medical Technologies (NASDAQ:MHUA) And Its Returns On Capital [Yahoo! Finance]
Meihua International Medical Technologies Co., Ltd. (MHUA)
Company Research
Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at Meihua International Medical Technologies NASDAQ:MHUA ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Meihua International Medical Technologies is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.097 = US$14m ÷ (US$163m - US$23m) (Based on the trailing twelve months to June 2023) Therefore, Meihua International Medical Technologi
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MHUA
News
- Meihua International Medical Technologies Full Year 2023 Earnings: EPS: US$0.49 (vs US$0.27 in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Meihua International Medical Technologies Co., Ltd. Reports 2023 Financial Year Results [Yahoo! Finance]Yahoo! Finance
- Meihua International Medical Technologies Co., Ltd. Reports 2023 Financial Year ResultsPR Newswire
MHUA
Sec Filings
- 4/24/24 - Form 20-F
- 4/24/24 - Form 6-K
- 4/3/24 - Form 6-K
- MHUA's page on the SEC website