Mfc-Nichada Thani Property Fund (BKK:MNIT) ROCE % : 2.73% (As of Dec. 2023)

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What is Mfc-Nichada Thani Property Fund 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. Mfc-Nichada Thani Property Fund's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.73%.

Mfc-Nichada Thani Property Fund ROCE % Historical Data

The historical data trend for Mfc-Nichada Thani Property Fund'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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Mfc-Nichada Thani Property Fund ROCE % Chart

Mfc-Nichada Thani Property Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.21

2.17

1.38

1.44

1.95

Mfc-Nichada Thani Property Fund 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															2.15	1.80	1.63	1.61	2.73

Mfc-Nichada Thani Property Fund ROCE % Calculation

Mfc-Nichada Thani Property Fund'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 )
	=	13.676	/	( ( (707.03 - 9.033)	+	(714.976 - 7.643) )	/ 2 )
	=	13.676	/	( (697.997	+	707.333)	/ 2 )
	=	13.676	/	702.665
	=	1.95 %

Mfc-Nichada Thani Property Fund'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 )
	=	19.324	/	( ( (716.924 - 10.292)	+	(714.976 - 7.643) )	/ 2 )
	=	19.324	/	( ( 706.632	+	707.333 )	/ 2 )
	=	19.324	/	706.9825
	=	2.73 %

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

Mfc-Nichada Thani Property Fund (BKK:MNIT) 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.

Mfc-Nichada Thani Property Fund ROCE % Related Terms

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Mfc-Nichada Thani Property Fund (BKK:MNIT) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mfc-Nichada Thani Property Fund (BKK:MNIT) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Ratchadapisek Road, Ground Floor & 21st-23rd Floor, 199 Column Tower, Klongtoey, Bangkok, THA, 10110

Website

https://www.mfcfund.com

Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand. The Fund has invested (freehold) in the Lakeshore-North Apartment Building - an apartment for rent, Lakeshore-West Apartment Building - an apartment for rent, Land with units of two-storeyed private houses of Raintree Residence Project and Land with units of two-storeyed private homes of Sunshine Place Project. All assets are located in the Nichada Thani Project.

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