Macquarie Group (ASX:MBLPA.PFD) ROCE %

: 6.51% (As of Sep. 2023)

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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 Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.51%.

Macquarie Group ROCE % Historical Data

The historical data trend for Macquarie 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 Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

8.35

6.88

5.31

11.11

8.48

Macquarie Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %																8.38	17.94	7.87	6.91	6.51

Macquarie Group ROCE % Calculation

Macquarie Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	14103	/	( ( (399176 - 357860.4)	+	(387872 - 96504) )	/ 2 )
	=	14103	/	( (41315.6	+	291368)	/ 2 )
	=	14103	/	166341.8
	=	8.48 %

Macquarie Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	16224	/	( ( (387872 - 96504)	+	(394594 - 187518) )	/ 2 )
	=	16224	/	( ( 291368	+	207076 )	/ 2 )
	=	16224	/	249222
	=	6.51 %

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

Macquarie Group (ASX:MBLPA.PFD) 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.

Macquarie Group ROCE % Related Terms

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Macquarie Group (ASX:MBLPA.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Macquarie Group Ltd (ASX:MBLPA.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MQBKY:USA MCQEF:USA 4M4:Germany MQGPF.PFD:Australia MQGPE.PFD:Australia MQGPD.PFD:Australia MQGPC.PFD:Australia MQG:Australia

Address

50 Martin Place, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.macquarie.com.au

Macquarie Group began trading in 1969 as Hill Samuel Australia, obtained its bank licence in 1985, and listed in 1996. It's Australia's only sizable listed investment bank, now internationally diversified, operating in asset management, banking and wealth, risk and capital solutions, and advisory.

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