MAAS Group Holdings (ASX:MGH) ROCE % : 10.59% (As of Dec. 2023)

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What is MAAS Group 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. MAAS Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.59%.

MAAS Group Holdings ROCE % Historical Data

The historical data trend for MAAS Group 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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MAAS Group Holdings ROCE % Chart

MAAS Group Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

15.29

15.38

11.04

MAAS Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			9.47	19.46	9.16	11.71	10.59

MAAS Group Holdings ROCE % Calculation

MAAS Group Holdings'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 )
	=	111.35	/	( ( (946.929 - 155.743)	+	(1443.843 - 218.082) )	/ 2 )
	=	111.35	/	( (791.186	+	1225.761)	/ 2 )
	=	111.35	/	1008.4735
	=	11.04 %

MAAS Group 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 )
	=	132.264	/	( ( (1443.843 - 218.082)	+	(1485.777 - 214.609) )	/ 2 )
	=	132.264	/	( ( 1225.761	+	1271.168 )	/ 2 )
	=	132.264	/	1248.4645
	=	10.59 %

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

MAAS Group Holdings (ASX:MGH) 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.

MAAS Group Holdings ROCE % Related Terms

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MAAS Group Holdings (ASX:MGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MAAS Group Holdings Ltd (ASX:MGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20L Sheraton Road, P.O. Box 4921, Dubbo, NSW, AUS, 2830

Website

https://www.maasgroup.com.au

MAAS Group Holdings Ltd is provider of construction materials and equipment. The company's operating segments include Construction Materials; Real Estate; Civil, Construction and Hire; Manufacturing, and others. It generates maximum revenue from the Civil, Construction and Hire segment. The Civil Construction and Hire segment provides construction and above ground plant hire services, electrical infrastructure works, and underground electrical equipment manufacture, hire, and sales for tunnelling and underground hard?rock mining.

MAAS Group Holdings (ASX:MGH) Headlines

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