Mader Group (ASX:MAD) ROCE % : 37.02% (As of Jun. 2024)

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What is Mader 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. Mader Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 37.02%.

Mader Group ROCE % Historical Data

The historical data trend for Mader 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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Mader Group ROCE % Chart

Mader Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

40.60

40.80

45.88

40.74

38.03

Mader Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						50.61	40.72	38.02	39.53	37.02

Mader Group ROCE % Calculation

Mader Group's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	74.701	/	( ( (252.697 - 74.376)	+	(337.945 - 123.375) )	/ 2 )
	=	74.701	/	( (178.321	+	214.57)	/ 2 )
	=	74.701	/	196.4455
	=	38.03 %

Mader Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	75.718	/	( ( (274.857 - 80.348)	+	(337.945 - 123.375) )	/ 2 )
	=	75.718	/	( ( 194.509	+	214.57 )	/ 2 )
	=	75.718	/	204.5395
	=	37.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Mader Group (ASX:MAD) 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.

Mader Group ROCE % Related Terms

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Mader Group Business Description

Industry

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Traded in Other Exchanges

MADGF:USA

Address

2 George Wiencke Drive, Perth Airport, Suite A1, Hkew Alpha Building, Perth, WA, AUS, 6105

Website

https://www.madergroup.com.au

Mader Group Ltd is a maintenance services company that supplies tradespeople to resource industry customers. It provides specialized contract labour for the maintenance of heavy mobile equipment in the resources industry. The services provided include maintenance labour, field support, shutdown teams for overhauls, maintenance workshops, training of maintenance teams, and a range of other ancillary services. Its geographical segments include Australia, North America, Rest of World and Corporate, of which the majority of the revenue comes from Australia.

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