Mongolia Growth Group (FRA:1M8) ROCE % : -7.54% (As of Sep. 2024)

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What is Mongolia Growth 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. Mongolia Growth Group's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.54%.

Mongolia Growth Group ROCE % Historical Data

The historical data trend for Mongolia Growth 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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Mongolia Growth Group ROCE % Chart

Mongolia Growth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.03

-4.34

-4.18

0.50

-0.98

Mongolia Growth Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.26	-4.72	-0.38	-2.04	-7.54

Mongolia Growth Group ROCE % Calculation

Mongolia Growth Group'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 )
	=	-0.334	/	( ( (44.86 - 10.744)	+	(39.777 - 5.833) )	/ 2 )
	=	-0.334	/	( (34.116	+	33.944)	/ 2 )
	=	-0.334	/	34.03
	=	-0.98 %

Mongolia Growth Group'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-2.436	/	( ( (34.261 - 1.255)	+	(32.682 - 1.067) )	/ 2 )
	=	-2.436	/	( ( 33.006	+	31.615 )	/ 2 )
	=	-2.436	/	32.3105
	=	-7.54 %

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

Mongolia Growth Group (FRA:1M8) 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.

Mongolia Growth Group ROCE % Related Terms

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Mongolia Growth Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mongolia Growth Group Ltd (FRA:1M8) » Definitions » ROCE %

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Traded in Other Exchanges

MNGGF:USA YAK:Canada

Address

100 King Street West, 56th Floor Suite 5600, First Canadian Place, Toronto, ON, CAN, M5X 1C9

Website

https://www.mongoliagrowthgroup.com

Mongolia Growth Group Ltd is a real estate investment and development company. It owns commercial investment property assets in Ulaanbaatar, Mongolia. The company operates through three segments: investment property operations, subscription products, and corporate. The Investment Property operations consist of commercial and residential investment property in Mongolia held for the purposes of rental revenue, capital appreciation, or redevelopment.

Mongolia Growth Group Headlines

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