MyEco Group (ASX:MCO) ROCE % : -45.88% (As of Dec. 2024)

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What is MyEco 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. MyEco Group's annualized ROCE % for the quarter that ended in Dec. 2024 was -45.88%.

MyEco Group ROCE % Historical Data

The historical data trend for MyEco 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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MyEco Group ROCE % Chart

MyEco Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-7.57

2.08

-9.63

-22.96

-43.19

MyEco Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-17.47	-29.54	-26.37	-60.76	-45.88

MyEco Group ROCE % Calculation

MyEco 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 )
	=	-8.393	/	( ( (27.962 - 3.738)	+	(18.053 - 3.412) )	/ 2 )
	=	-8.393	/	( (24.224	+	14.641)	/ 2 )
	=	-8.393	/	19.4325
	=	-43.19 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-6.048	/	( ( (18.053 - 3.412)	+	(16.456 - 4.734) )	/ 2 )
	=	-6.048	/	( ( 14.641	+	11.722 )	/ 2 )
	=	-6.048	/	13.1815
	=	-45.88 %

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

MyEco Group (ASX:MCO) 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.

MyEco Group ROCE % Related Terms

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MyEco Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » MyEco Group Ltd (ASX:MCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

247 Ferntree Gully Road, Unit 1, Mount Waverley, Melbourne, VIC, AUS, 3149

Website

https://www.myeco.group

MyEco Group Ltd is an Australian developer and manufacturer of sustainable packaging materials. It supplies proprietary biodegradable resins, packaging products cast films to a customer base spread globally.SECOS Global Application Development Centre is in Australia. Product Development Centre and manufacturing plant for resins and finished products in China and resins plant in Malaysia.