Masonite International (FRA:MII) ROCE % : 0.80% (As of Dec. 2023)

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What is Masonite International 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. Masonite International's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.80%.

Masonite International ROCE % Historical Data

The historical data trend for Masonite International'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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Masonite International ROCE % Chart

Masonite International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.13

8.33

10.90

18.19

10.03

Masonite International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.37	12.47	13.54	11.71	0.80

Masonite International ROCE % Calculation

Masonite International'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 )
	=	195.35	/	( ( (2122.28 - 329.393)	+	(2462.493 - 361.834) )	/ 2 )
	=	195.35	/	( (1792.887	+	2100.659)	/ 2 )
	=	195.35	/	1946.773
	=	10.03 %

Masonite International's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	16.92	/	( ( (2516.694 - 373.355)	+	(2462.493 - 361.834) )	/ 2 )
	=	16.92	/	( ( 2143.339	+	2100.659 )	/ 2 )
	=	16.92	/	2121.999
	=	0.80 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Masonite International (FRA:MII) 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.

Masonite International ROCE % Related Terms

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Masonite International (FRA:MII) Business Description

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DOOR:USA

Address

2771 Rutherford Road, Concord, ON, CAN, L4K 2N6

Website

http://www.masonite.com

Masonite International Corp is engaged in designing, manufacturing, marketing and distributing interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Its product categories include interior molded residential doors, interior stile and rail residential doors, exterior fibreglass residential doors, exterior steel residential doors, interior architectural wood doors, wood veneers and molded door facings and door core. The company operates its manufacturing and distribution facilities in seven countries in North America, Europe, South America and Asia.

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