Macmahon Holdings (ASX:MAH) ROCE % : 6.39% (As of Jun. 2024)

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What is Macmahon Holdings 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. Macmahon Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.39%.

Macmahon Holdings ROCE % Historical Data

The historical data trend for Macmahon Holdings'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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Macmahon Holdings ROCE % Chart

Macmahon Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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11.98

12.36

6.63

10.63

10.40

Macmahon Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															8.24	10.60	10.43	14.43	6.39

Macmahon Holdings ROCE % Calculation

Macmahon Holdings'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 )
	=	94.389	/	( ( (1464.715 - 543.423)	+	(1451.35 - 558.179) )	/ 2 )
	=	94.389	/	( (921.292	+	893.171)	/ 2 )
	=	94.389	/	907.2315
	=	10.40 %

Macmahon Holdings'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 )
	=	57.344	/	( ( (1480.191 - 579.24)	+	(1451.35 - 558.179) )	/ 2 )
	=	57.344	/	( ( 900.951	+	893.171 )	/ 2 )
	=	57.344	/	897.061
	=	6.39 %

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

Macmahon Holdings (ASX:MAH) 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.

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Macmahon Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Macmahon Holdings Ltd (ASX:MAH) » Definitions » ROCE %

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MCHHF:USA

Address

15 Hudswell Road, Perth Airport, Perth, WA, AUS, 6105

Website

https://www.macmahon.com.au

Macmahon Holdings Ltd is an Australian company providing mining services to clients throughout Australia, Southeast Asia, and South Africa. Its complete mining services range from mine development to materials delivery, including design, construction, and on-site services. Macmahon manages mines for mining companies, across a variety of base and precious metals and commodities. Its segments are Surface Mining, Underground Mining, and International Mining. It provides a complete set of mining services which includes surface and underground mining, civil and rehabilitation services, equipment maintenance, rentals and management.

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