Miss Grand International PCL (BKK:MGI) ROCE % : 22.75% (As of Mar. 2024)

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What is Miss Grand International PCL 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. Miss Grand International PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.75%.

Miss Grand International PCL ROCE % Historical Data

The historical data trend for Miss Grand International PCL'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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Miss Grand International PCL ROCE % Chart

Miss Grand International PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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99.84

125.69

49.01

64.95

52.63

Miss Grand International PCL Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					36.18	177.68	78.32	66.84	22.75

Miss Grand International PCL ROCE % Calculation

Miss Grand International PCL's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	149.631	/	( ( (185.406 - 75.417)	+	(605.393 - 146.777) )	/ 2 )
	=	149.631	/	( (109.989	+	458.616)	/ 2 )
	=	149.631	/	284.3025
	=	52.63 %

Miss Grand International PCL's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	107.244	/	( ( (605.393 - 146.777)	+	(628 - 143.712) )	/ 2 )
	=	107.244	/	( ( 458.616	+	484.288 )	/ 2 )
	=	107.244	/	471.452
	=	22.75 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Miss Grand International PCL (BKK:MGI) 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.

Miss Grand International PCL ROCE % Related Terms

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Miss Grand International PCL (BKK:MGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Miss Grand International PCL (BKK:MGI) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1213/414 Soi Ladprao 94 (Panjamit), Ladprao Road, Phlapphla Subdistrict, Wang Thonglang District, Bangkok, THA, 10310

Website

https://www.missgrandthailand.com

Miss Grand International PCL operates a commerce business that provides the selling of products and services through experiential activities such as Beauty and Entertainment, which are Beauty Pageant Platforms named Miss Grand Thailand Pageant (National Pageant Platform) and Miss Grand International Pageant (International Pageant Platform)including other media contents and entertainment activities. The company sells the products in several distribution channels, both retail and wholesale, The MGI, and other partner products. The company earns revenue from selling beauty pageants, entertainment businesses, consumer products, consumption products, and other products and services. The company earns the majority of its revenue from the entertainment business.