Morgan Sindall Group (CHIX:MGNSL) ROCE % : 27.29% (As of Dec. 2023)

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What is Morgan Sindall 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. Morgan Sindall Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.29%.

Morgan Sindall Group ROCE % Historical Data

The historical data trend for Morgan Sindall 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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Morgan Sindall Group ROCE % Chart

Morgan Sindall Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.28

13.36

23.67

14.93

23.49

Morgan Sindall Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															26.54	19.23	10.71	20.18	27.29

Morgan Sindall Group ROCE % Calculation

Morgan Sindall 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 )
	=	149.4	/	( ( (1794.4 - 1191.2)	+	(2030.2 - 1361.1) )	/ 2 )
	=	149.4	/	( (603.2	+	669.1)	/ 2 )
	=	149.4	/	636.15
	=	23.49 %

Morgan Sindall Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	175.6	/	( ( (1797.2 - 1179.2)	+	(2030.2 - 1361.1) )	/ 2 )
	=	175.6	/	( ( 618	+	669.1 )	/ 2 )
	=	175.6	/	643.55
	=	27.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Morgan Sindall Group (CHIX:MGNSl) 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.

Morgan Sindall Group ROCE % Related Terms

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Morgan Sindall Group (CHIX:MGNSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Morgan Sindall Group PLC (CHIX:MGNSl) » Definitions » ROCE %

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MGNS:UK

Address

Kent House, 14–17 Market Place, London, GBR, W1W 8AJ

Website

https://www.morgansindall.com

Morgan Sindall Group PLC is a construction and regeneration company in the United Kingdom. The business activities of the group are functioned through Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments segments. The company offers services to commercial, defense, education, energy, healthcare, industrial, leisure, retail, transportation, and water markets. Group serves both the public and private sectors. It derives the majority of revenue from construction and infrastructure segment.

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