Marlborough Wine Estates Group (NZSE:MWE) ROCE % : -3.47% (As of Dec. 2023)

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What is Marlborough Wine Estates 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. Marlborough Wine Estates Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.47%.

Marlborough Wine Estates Group ROCE % Historical Data

The historical data trend for Marlborough Wine Estates 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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Marlborough Wine Estates Group ROCE % Chart

Marlborough Wine Estates Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-1.44

1.31

-1.94

2.18

Marlborough Wine Estates Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-2.36	6.46	-0.80	5.52	-3.47

Marlborough Wine Estates Group ROCE % Calculation

Marlborough Wine Estates Group'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 )
	=	0.873	/	( ( (41.172 - 1.972)	+	(42.991 - 2.124) )	/ 2 )
	=	0.873	/	( (39.2	+	40.867)	/ 2 )
	=	0.873	/	40.0335
	=	2.18 %

Marlborough Wine Estates 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 )
	=	-1.41	/	( ( (42.991 - 2.124)	+	(42.555 - 2.146) )	/ 2 )
	=	-1.41	/	( ( 40.867	+	40.409 )	/ 2 )
	=	-1.41	/	40.638
	=	-3.47 %

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

Marlborough Wine Estates Group (NZSE:MWE) 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.

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Marlborough Wine Estates Group (NZSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Marlborough Wine Estates Group Ltd (NZSE:MWE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-7 Kingdon Street, Level 6, Newmarket, Central, Auckland, NTL, NZL

Website

https://www.nzmwe.com

Marlborough Wine Estates Group Ltd is a New Zealand-based company engaged in vineyard maintenance, grape production, and winemaking. It operates under the brand names of O:TU wines and Music Bay. The group operates in various geographical areas including New Zealand and Oceania; United States; UK/Europe; Australasia and Others. It derives a majority of its revenue from New Zealand and Oceania.