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)
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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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High impacting MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares news events
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MNSO
News
- MINISO Group Holding Limited (NYSE: MNSO) was upgraded by analysts at Dbs Bank to a "strong-buy" rating.MarketBeat
- MINISO Group Holding Limited (NYSE: MNSO) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $15.00 price target on the stock, down previously from $27.00.MarketBeat
- MINISO Group Holding Limited (NYSE: MNSO) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- MINISO Group Holding Limited (NYSE: MNSO) was downgraded by analysts at Bank of America Co. from a "buy" rating to an "underperform" rating.MarketBeat
- MINISO to Acquire Stake in Yonghui Superstores, a Leading Chinese RetailerPR Newswire
MNSO
Sec Filings
- 9/26/24 - Form 6-K
- 9/24/24 - Form 6-K
- 9/20/24 - Form 6-K
- MNSO's page on the SEC website