MusicMagpie (FRA:6R5) ROCE % : -14.42% (As of Nov. 2023)

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What is MusicMagpie 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. MusicMagpie's annualized ROCE % for the quarter that ended in Nov. 2023 was -14.42%.

MusicMagpie ROCE % Historical Data

The historical data trend for MusicMagpie'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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MusicMagpie ROCE % Chart

MusicMagpie Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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12.71

89.49

-77.78

-2.04

-13.80

MusicMagpie Semi-Annual Data
	Nov18	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial					23.97	-4.45	-0.04	-12.72	-14.42

MusicMagpie ROCE % Calculation

MusicMagpie's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-5.788	/	( ( (54.798 - 11.532)	+	(51.4 - 10.77) )	/ 2 )
	=	-5.788	/	( (43.266	+	40.63)	/ 2 )
	=	-5.788	/	41.948
	=	-13.80 %

MusicMagpie's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	-6.058	/	( ( (53.189 - 9.787)	+	(51.4 - 10.77) )	/ 2 )
	=	-6.058	/	( ( 43.402	+	40.63 )	/ 2 )
	=	-6.058	/	42.016
	=	-14.42 %

(1) Note: The EBIT data used here is two times the semi-annual (Nov. 2023) EBIT data.

MusicMagpie (FRA:6R5) 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.

MusicMagpie ROCE % Related Terms

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MusicMagpie (FRA:6R5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MusicMagpie PLC (FRA:6R5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MMAG:UK

Address

Railway Road, One Stockport Exchange, First Floor, Stockport, Cheshire, GBR, SK1 3SW

Website

https://www.musicmagpieplc.com

MusicMagpie PLC is a leader in e-commerce in the UK and US in the circular economy of consumer technology such as smartphones, tablets, consoles and personal computers, books and disc media including CDs, DVDs and video games. The company's segment includes Technology; Media and Books. It generates maximum revenue from the Technology segment.

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