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
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after briefly looking over the numbers, we don't think Meihua International Medical Technologies NASDAQ:MHUA ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. What Is Return On Capital Employed (ROCE)? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Meihua International Medical Technologies, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.10 = US$15m ÷ (US$172m - US$25m) (Based on the trailing twelve months to December 2023) Thus,
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News
- Meihua International Medical Technologies First Half 2024 Earnings: EPS: US$0.19 (vs US$0.29 in 1H 2023) [Yahoo! Finance]Yahoo! Finance
- Meihua International Medical Technologies Co., Limited Reports Unaudited 2024 First Half Financial ResultsPR Newswire
- Meihua International Medical Technologies Co., Ltd. to Present at LIVE! with Webull Corporate Connect: Virtual Healthcare Investment Webinar on August 28, 2024PR Newswire