Massimo Group (Massimo Group) ROCE % : 67.84% (As of Mar. 2024)

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What is Massimo Group 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. Massimo Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 67.84%.

Massimo Group ROCE % Historical Data

The historical data trend for Massimo Group'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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Massimo Group ROCE % Chart

Massimo Group Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

36.65

50.29

90.58

Massimo Group Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			35.18	50.75	187.41	110.61	67.84

Massimo Group ROCE % Calculation

Massimo Group'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 )
	=	13.064	/	( ( (36.862 - 31.132)	+	(41.943 - 18.828) )	/ 2 )
	=	13.064	/	( (5.73	+	23.115)	/ 2 )
	=	13.064	/	14.4225
	=	90.58 %

Massimo Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	16.876	/	( ( (41.943 - 18.828)	+	(47.275 - 20.639) )	/ 2 )
	=	16.876	/	( ( 23.115	+	26.636 )	/ 2 )
	=	16.876	/	24.8755
	=	67.84 %

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

Massimo Group (NAS:MAMO) 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.

Massimo Group ROCE % Related Terms

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Massimo Group (Massimo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Massimo Group (NAS:MAMO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 W Miller Road, Garland, TX, USA, TX 75041

Website

https://www.massimomotor.com

Massimo Group is engaged in the mid-tier band the ("Mid-Tier Band") of the Powersports Vehicles and Boats Industry. It manufacture, import and distribute a diversified portfolio of products divided into two main lines: (1) a motor sports brand consisting of utility terrain vehicles ("UTVs"), all-terrain vehicles ("ATVs"), motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes; and (2) a motor boat line consisting of pontoon and tritoon boats ("Pontoon Boats").

Massimo Group (Massimo Group) Headlines

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