Megaport (ASX:MP1) ROCE % : 0.21% (As of Dec. 2023)

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What is Megaport 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. Megaport's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.21%.

Megaport ROCE % Historical Data

The historical data trend for Megaport'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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Megaport ROCE % Chart

Megaport Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-34.51

-27.85

-29.26

-20.94

-5.22

Megaport Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												-20.59	-20.42	-17.38	7.39	0.21

Megaport ROCE % Calculation

Megaport'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 )
	=	-8.297	/	( ( (220.384 - 53.145)	+	(202.226 - 51.497) )	/ 2 )
	=	-8.297	/	( (167.239	+	150.729)	/ 2 )
	=	-8.297	/	158.984
	=	-5.22 %

Megaport'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 )
	=	0.324	/	( ( (202.226 - 51.497)	+	(215.029 - 51.097) )	/ 2 )
	=	0.324	/	( ( 150.729	+	163.932 )	/ 2 )
	=	0.324	/	157.3305
	=	0.21 %

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

Megaport (ASX:MP1) 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.

Megaport ROCE % Related Terms

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Megaport (ASX:MP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Megaport Ltd (ASX:MP1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MGPPF:USA

Address

825 Ann Street, Level 3, Fortitude Valley, Brisbane, QLD, AUS, 4006

Website

https://www.megaport.com

Megaport is one of the world's largest software-defined network service providers, enabling over 2,800 enterprise customers to connect to over 800 data centers in over 150 cities throughout the world. Megaport's services mostly revolve around enabling enterprises to connect to cloud service providers, like Amazon Web Services, but it also offers services to enable businesses to connect across multiple data centers and to internet exchanges.

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