Metro Performance Glass (ASX:MPP) ROCE % : -1.71% (As of Sep. 2024)

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What is Metro Performance Glass 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. Metro Performance Glass's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.71%.

Metro Performance Glass ROCE % Historical Data

The historical data trend for Metro Performance Glass'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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Metro Performance Glass ROCE % Chart

Metro Performance Glass Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-28.91

8.90

2.77

-2.09

-13.51

Metro Performance Glass Semi-Annual Data
	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															4.69	-9.26	-3.62	-24.09	-1.71

Metro Performance Glass ROCE % Calculation

Metro Performance Glass's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-21.516	/	( ( (236.744 - 34.827)	+	(203.075 - 86.398) )	/ 2 )
	=	-21.516	/	( (201.917	+	116.677)	/ 2 )
	=	-21.516	/	159.297
	=	-13.51 %

Metro Performance Glass's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-1.922	/	( ( (203.075 - 86.398)	+	(199.591 - 91.432) )	/ 2 )
	=	-1.922	/	( ( 116.677	+	108.159 )	/ 2 )
	=	-1.922	/	112.418
	=	-1.71 %

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

Metro Performance Glass (ASX:MPP) 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.

Metro Performance Glass ROCE % Related Terms

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Metro Performance Glass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Metro Performance Glass Ltd (ASX:MPP) » Definitions » ROCE %

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MPG:New Zealand

Address

5 Lady Fisher Place, East Tamaki, Auckland, NZL, 2013

Website

https://www.metroglass.co.nz

Metro Performance Glass Ltd operates as a glass processor. It group supplies processed flat glass and related products to the residential and commercial building sectors. It offers a range of glass products, including Decorative Glass, low Glass, Mirrors, bathroom shower screens, Shower Glass, Safety Security glass, Obscure, Frosted, and Privacy Glass, doors, and others. Its geographical segments include New Zealand and Australia. It generates a majority of its revenue from New Zealand.

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