Mauritius Chemical & Fertilizer Industry (XMAU:MCFI) ROCE % : 17.06% (As of Dec. 2023)

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What is Mauritius Chemical & Fertilizer Industry 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. Mauritius Chemical & Fertilizer Industry's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.06%.

Mauritius Chemical & Fertilizer Industry ROCE % Historical Data

The historical data trend for Mauritius Chemical & Fertilizer Industry'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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Mauritius Chemical & Fertilizer Industry ROCE % Chart

Mauritius Chemical & Fertilizer Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-26.33

-13.29

6.24

13.23

7.28

Mauritius Chemical & Fertilizer Industry 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															31.52	4.22	8.93	-1.51	17.06

Mauritius Chemical & Fertilizer Industry ROCE % Calculation

Mauritius Chemical & Fertilizer Industry'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 )
	=	61.412	/	( ( (1525.377 - 661.543)	+	(1445.799 - 622.36) )	/ 2 )
	=	61.412	/	( (863.834	+	823.439)	/ 2 )
	=	61.412	/	843.6365
	=	7.28 %

Mauritius Chemical & Fertilizer Industry'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 )
	=	143.692	/	( ( (1392.438 - 531.356)	+	(1445.799 - 622.36) )	/ 2 )
	=	143.692	/	( ( 861.082	+	823.439 )	/ 2 )
	=	143.692	/	842.2605
	=	17.06 %

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

Mauritius Chemical & Fertilizer Industry (XMAU:MCFI) 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.

Mauritius Chemical & Fertilizer Industry ROCE % Related Terms

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Mauritius Chemical & Fertilizer Industry (XMAU:MCFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Mauritius Chemical & Fertilizer Industry Ltd (XMAU:MCFI) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

18, Edith Cavell Street, Chaussee Tromelin, Fort George, Port Louis, MUS

Website

https://www.ingenia.mu

Mauritius Chemical & Fertilizer Industry Ltd is engaged in the manufacturing of (NPK) complex, blending, and trading of fertilizers. The company operates through three business segments namely Fertilizers, Trading, and Contracting. The company generates the majority of its revenue from the trading segment. The company geographically operates its business in Mauritius, Reunion, Madagascar, and Africa. The company generates the majority of its revenue from Mauritius geographically.

Mauritius Chemical & Fertilizer Industry (XMAU:MCFI) Headlines

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