Makati Finance (PHS:MFIN) ROCE %

: -2.93% (As of Dec. 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. Makati Finance's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.93%.

Makati Finance ROCE % Historical Data

The historical data trend for Makati Finance'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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Makati Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.62

-0.23

0.64

-1.76

-1.04

Makati Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.17	0.52	-0.84	-0.90	-2.93

Makati Finance ROCE % Calculation

Makati Finance's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-6.464	/	( ( (1114.149 - 488.499)	+	(1155.883 - 538.472) )	/ 2 )
	=	-6.464	/	( (625.65	+	617.411)	/ 2 )
	=	-6.464	/	621.5305
	=	-1.04 %

Makati Finance'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-18.08	/	( ( (1146.979 - 528.638)	+	(1155.883 - 538.472) )	/ 2 )
	=	-18.08	/	( ( 618.341	+	617.411 )	/ 2 )
	=	-18.08	/	617.876
	=	-2.93 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Makati Finance (PHS:MFIN) 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.

Makati Finance ROCE % Related Terms

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Makati Finance (PHS:MFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Makati Finance Corp (PHS:MFIN) » Definitions » ROCE %

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Address

2301 Chino Roces Avenue, 3rd Floor Mazda Makati Building, Barangay Magallanes, Makati City, PHL, 1231

Website

http://www.makatifinance.ph

Makati Finance Corp provides financial services and advisory to its clients. The company's operations include sales and marketing, evaluation and approval of loan applications, and collection of loan accounts. The company derives revenues from the following main operating business segments of Rx Cashline Group; Business loans; MFC Factors Group; Motor Vehicles Financing Group and Others. Business loans division grants loans to finance business owners who wishes to expand its business or for the purpose of starting capital whereas Motor Vehicles Financing Group grants loans to motorcycle buyers. The company's assets producing revenues are located in the Philippines.