Be Wary Of MINISO Group Holding (NYSE:MNSO) And Its Returns On Capital [Yahoo! Finance]
MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares (MNSO)
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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Having said that, while the ROCE is currently high for MINISO Group Holding NYSE:MNSO ), we aren't jumping out of our chairs because returns are decreasing. What Is Return On Capital Employed (ROCE)? 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. To calculate this metric for MINISO Group Holding, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.27 = CN¥2.7b ÷ (CN¥14b - CN¥4.4b) (Based on the trailing twelve months to December 2023) Therefore, MINISO Group Holding has an ROCE of 27%. That's a f
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MNSO
News
- MINISO Opens First Sanrio-Themed Store in Australia, Bringing Joyful Shopping ExperiencePR Newswire
- MINISO Opens First Sanrio-Themed Store in Australia, Bringing Joyful Shopping ExperiencePR Newswire
- MINISO Launches Vietnam's First Sanrio Characters-Themed Store in Ho Chi Minh CityPR Newswire
- MINISO Group Holding Limited (NYSE: MNSO) had its price target lowered by analysts at JPMorgan Chase & Co. from $29.00 to $27.00. They now have an "overweight" rating on the stock.MarketBeat
- The World's Largest MINISO Store in Jakarta, Ushering in a New Era of MINISO global expansionPR Newswire
MNSO
Analyst Actions
- 9/3/24 - JP Morgan
MNSO
Sec Filings
- 9/20/24 - Form 6-K
- 9/17/24 - Form 6-K
- 9/13/24 - Form 6-K
- MNSO's page on the SEC website