MTY Food Group (MTY Food Group) ROCE % : 6.35% (As of Feb. 2024)

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What is MTY Food 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. MTY Food Group's annualized ROCE % for the quarter that ended in Feb. 2024 was 6.35%.

MTY Food Group ROCE % Historical Data

The historical data trend for MTY Food 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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MTY Food Group ROCE % Chart

MTY Food Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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9.52

-2.16

7.96

6.30

8.33

MTY Food Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															6.85	9.02	10.29	5.36	6.35

MTY Food Group ROCE % Calculation

MTY Food Group's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	126.599	/	( ( (1731.712 - 326.245)	+	(1955.219 - 321.429) )	/ 2 )
	=	126.599	/	( (1405.467	+	1633.79)	/ 2 )
	=	126.599	/	1519.6285
	=	8.33 %

MTY Food Group's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	103.884	/	( ( (1955.219 - 321.429)	+	(1968.911 - 330.276) )	/ 2 )
	=	103.884	/	( ( 1633.79	+	1638.635 )	/ 2 )
	=	103.884	/	1636.2125
	=	6.35 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

MTY Food Group (OTCPK:MTYFF) 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.

MTY Food Group ROCE % Related Terms

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MTY Food Group (MTY Food Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » MTY Food Group Inc (OTCPK:MTYFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9MF:Germany MTY:Canada

Address

8150 autoroute Transcanadienne, Suite 200, Saint-Laurent, QC, CAN, H4S 1M5

Website

https://www.mtygroup.com

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

MTY Food Group (MTY Food Group) Headlines

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