Mega African Capital (XGHA:MAC) ROCE % : -1.37% (As of Dec. 2022)

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What is Mega African Capital 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. Mega African Capital's annualized ROCE % for the quarter that ended in Dec. 2022 was -1.37%.

Mega African Capital ROCE % Historical Data

The historical data trend for Mega African Capital'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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Mega African Capital ROCE % Chart

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-0.98

-1.37

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
ROCE %	-	-0.98	-1.37

Mega African Capital ROCE % Calculation

Mega African Capital's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.056	/	( ( (155.844 - 81.639)	+	(197.872 - 118.302) )	/ 2 )
	=	-1.056	/	( (74.205	+	79.57)	/ 2 )
	=	-1.056	/	76.8875
	=	-1.37 %

Mega African Capital's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	-1.056	/	( ( (155.844 - 81.639)	+	(197.872 - 118.302) )	/ 2 )
	=	-1.056	/	( ( 74.205	+	79.57 )	/ 2 )
	=	-1.056	/	76.8875
	=	-1.37 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Mega African Capital (XGHA:MAC) 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.

Mega African Capital ROCE % Related Terms

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Mega African Capital (XGHA:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.