Mashonaland Holdings (XZIM:MASH.ZW) ROCE % : 33.49% (As of Dec. 2023)

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What is Mashonaland Holdings 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. Mashonaland Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 33.49%.

Mashonaland Holdings ROCE % Historical Data

The historical data trend for Mashonaland Holdings'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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Mashonaland Holdings ROCE % Chart

Mashonaland Holdings Annual Data

Trend

Sep12

Sep18

Sep19

Sep20

Dec22

Dec23

ROCE %

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0.03

1.33

1.18

202.40

92.35

Mashonaland Holdings Semi-Annual Data
	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								1.14	52.23	297.98	184.75	33.49

Mashonaland Holdings ROCE % Calculation

Mashonaland Holdings'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 )
	=	346094.974	/	( ( (73249.935 - 2709.656)	+	(697614.501 - 18646.091) )	/ 2 )
	=	346094.974	/	( (70540.279	+	678968.41)	/ 2 )
	=	346094.974	/	374754.3445
	=	92.35 %

Mashonaland Holdings'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 )
	=	192473.784	/	( ( (481481.036 - 11043.285)	+	(697614.501 - 18646.091) )	/ 2 )
	=	192473.784	/	( ( 470437.751	+	678968.41 )	/ 2 )
	=	192473.784	/	574703.0805
	=	33.49 %

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

Mashonaland Holdings (XZIM:MASH.ZW) 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.

Mashonaland Holdings ROCE % Related Terms

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Mashonaland Holdings (XZIM:MASH.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mashonaland Holdings Ltd (XZIM:MASH.ZW) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

77 Jason Moyo Avenue, P O Box 717, 12th Floor, ZB Life Towers, Harare, ZWE

Website

https://www.masholdings.co.zw

Mashonaland Holdings Ltd operates in the property investment and development business. Its property portfolio is distributed across the office, retail, industrial, residential, and health sector. It has four reportable segments which consist of the Office Segment; Industrial Segment; Pure Retail; and others. It generates the majority of its revenue from the Office Segment. The business activities of the group are carried out throughout the region of Zimbabwe.

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