Manganese Bronze Holdings (LSE:MNGS) ROC %: 0.00% (As of Jun. 2012)


What is Manganese Bronze Holdings ROC %?

Manganese Bronze Holdings LSE:MNGS ROC % is 0.00% as of Jun. 2012.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Manganese Bronze Holdings's annualized return on capital (ROC %) for the quarter that ended in Jun. 2012 was 0.00%.

As of today (2026-07-05), Manganese Bronze Holdings's WACC % is 0.00%. Manganese Bronze Holdings's ROC % is 0.00% (calculated using TTM income statement data). Manganese Bronze Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Manganese Bronze Holdings  (LSE:MNGS) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Manganese Bronze Holdings's WACC % is 0.00%. Manganese Bronze Holdings's ROC % is 0.00% (calculated using TTM income statement data). Manganese Bronze Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Manganese Bronze Holdings ROC % Related Terms

Manganese Bronze Holdings ROC % Historical Data

* Premium members only.

The historical data trend for Manganese Bronze Holdings's ROC % 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.

Manganese Bronze Holdings ROC % Chart

Manganese Bronze Holdings Annual Data
Trend Jul02 Jul03 Jul04 Jul05 Jul06 Dec07 Dec08 Dec09 Dec10 Dec11
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.17 -24.53 -13.82 -10.95 -11.53

Manganese Bronze Holdings Quarterly Data
Jan02 Jan03 Jan04 Jan05 Jan06 Jan07 Jun08 Jun09 Jun10 Jun11 Jun12
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Manganese Bronze Holdings ROC % Calculation

Manganese Bronze Holdings's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2011 is calculated as:

ROC % (A: Dec. 2011 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2010 ) + Invested Capital (A: Dec. 2011 ))/ count )
=-5.192 * ( 1 - 0% )/( (46.072 + 43.965)/ 2 )
=-5.192/45.0185
=-11.53 %

where

Invested Capital(A: Dec. 2010 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=59.69 - 16.838 - ( 0.069 - max(0, 33.813 - 30.593+0.069))
=46.072

Invested Capital(A: Dec. 2011 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=55.807 - 22.713 - ( 1.799 - max(0, 37.909 - 27.038+1.799))
=43.965

Manganese Bronze Holdings's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2012 is calculated as:

ROC % (Q: Jun. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2011 ) + Invested Capital (Q: Jun. 2012 ))/ count )
=0 * ( 1 - % )/( (44.757 + 42.439)/ 2 )
=0/43.598
=0.00 %

where

Invested Capital(Q: Jun. 2011 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=54.282 - 15.863 - ( 0.32 - max(0, 31.929 - 25.591+0.32))
=44.757

Invested Capital(Q: Jun. 2012 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=57.602 - 29.703 - ( 2.485 - max(0, 46.143 - 31.603+2.485))
=42.439

Note: The Operating Income data used here is four times the quarterly (Jun. 2012) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 0.00% mean?
Manganese Bronze Holdings (LSE:MNGS) has a ROC % of 0.00% as of Jun. 2012. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Manganese Bronze Holdings and its competitors.
Is Manganese Bronze Holdings' ROC % too high?
Manganese Bronze Holdings' current ROC % is 0.00%.
How does Manganese Bronze Holdings' ROC % compare to competitors?
Manganese Bronze Holdings' ROC % of 0.00% can be compared against companies in the Vehicles & Parts industry. The industry median ROC % is 5.05. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Vehicles & Parts company?
The median ROC % among Vehicles & Parts companies is 5.05, based on 1,313 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Manganese Bronze Holdings and its competitors. For the Vehicles & Parts industry, the median ROC % is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manganese Bronze Holdings's current ROC % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manganese Bronze Holdings stock overvalued right now?
Manganese Bronze Holdings (LSE:MNGS) has a current ROC % of 0.00%. The current ROC % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Manganese Bronze Holdings (LSE:MNGS), the current ROC % is 0.00% as of Jun. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Manganese Bronze Holdings Business Description

Manganese Bronze Holdings PLC provides automotive and taxi services in the UK. It is currently organised into three operating divisions - vehicle sales, vehicle services, and Shanghai LTI. The vehicle sales segment includes the design, development, assembly, and retailing of new purpose-built taxis, along with the sale of used vehicles taken in part exchange, parts, and vehicle maintenance. The vehicle services segment comprises taxi finance. The Shanghai LTI segment is the joint venture based in Shanghai, China, which assembles the London Taxi under license from the company. The company's operations are located in the United Kingdom and China.