Macquarie Technology Group (ASX:MAQ) ROCE % : 10.40% (As of Dec. 2023)

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What is Macquarie Technology 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. Macquarie Technology Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.40%.

Macquarie Technology Group ROCE % Historical Data

The historical data trend for Macquarie Technology 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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Macquarie Technology Group ROCE % Chart

Macquarie Technology Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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21.81

10.90

6.73

4.24

7.20

Macquarie Technology 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															5.23	2.91	8.84	5.85	10.40

Macquarie Technology Group ROCE % Calculation

Macquarie Technology 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 )
	=	32.026	/	( ( (472.574 - 61.581)	+	(541.488 - 63.066) )	/ 2 )
	=	32.026	/	( (410.993	+	478.422)	/ 2 )
	=	32.026	/	444.7075
	=	7.20 %

Macquarie Technology 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 )
	=	50.572	/	( ( (541.488 - 63.066)	+	(562.764 - 69.013) )	/ 2 )
	=	50.572	/	( ( 478.422	+	493.751 )	/ 2 )
	=	50.572	/	486.0865
	=	10.40 %

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

Macquarie Technology Group (ASX:MAQ) 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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Macquarie Technology Group (ASX:MAQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Macquarie Technology Group Ltd (ASX:MAQ) » Definitions » ROCE %

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Address

2 Market Street, Level 15, Sydney, NSW, AUS, 2000

Website

https://macquarietechnologygroup.com

Macquarie Technology Group Ltd is Australia's data centre, cloud, cyber security, and telecom company for mid-large business and government customers. The company operates into three segments; Cloud Services & Government, Data Centres and Telecom. It generates majority of its revenue from Cloud Services & Government Segment.

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