Manchester United (Manchester United) ROCE % : 20.97% (As of Dec. 2023)

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What is Manchester United 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. Manchester United's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.97%.

Manchester United ROCE % Historical Data

The historical data trend for Manchester United'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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Manchester United ROCE % Chart

Manchester United Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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4.47

0.13

-0.43

-13.82

1.27

Manchester United 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															9.56	2.68	5.70	-9.98	20.97

Manchester United ROCE % Calculation

Manchester United's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	12.619	/	( ( (1593.183 - 609.411)	+	(1664.071 - 665.24) )	/ 2 )
	=	12.619	/	( (983.772	+	998.831)	/ 2 )
	=	12.619	/	991.3015
	=	1.27 %

Manchester United'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 )
	=	214.156	/	( ( (1881.676 - 865.4)	+	(1863.306 - 837.248) )	/ 2 )
	=	214.156	/	( ( 1016.276	+	1026.058 )	/ 2 )
	=	214.156	/	1021.167
	=	20.97 %

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

Manchester United (NYSE:MANU) 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.

Manchester United ROCE % Related Terms

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Manchester United (Manchester United) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manchester United PLC (NYSE:MANU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MUF:Germany MUF:Germany

Address

Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA

Website

https://www.manutd.com

Manchester United PLC operates a professional football club together with related and ancillary activities. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club, which includes the media network, foundation, fan zone, news, and sports features, and team merchandise. Manchester United is based in England. The company has three principal sectors from which the majority of the revenue is generated including Commercial, Broadcasting, and Matchday.