MGP Ingredients (FRA:M1I) ROCE % : 8.94% (As of Mar. 2024)

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What is MGP Ingredients 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. MGP Ingredients's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.94%.

MGP Ingredients ROCE % Historical Data

The historical data trend for MGP Ingredients'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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MGP Ingredients ROCE % Chart

MGP Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.24

17.60

20.12

14.97

12.56

MGP Ingredients Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.54	14.86	6.26	13.27	8.94

MGP Ingredients ROCE % Calculation

MGP Ingredients'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 )
	=	136.076	/	( ( (1093.351 - 99.474)	+	(1276.783 - 104.635) )	/ 2 )
	=	136.076	/	( (993.877	+	1172.148)	/ 2 )
	=	136.076	/	1083.0125
	=	12.56 %

MGP Ingredients'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 )
	=	106.224	/	( ( (1276.783 - 104.635)	+	(1279.059 - 73.837) )	/ 2 )
	=	106.224	/	( ( 1172.148	+	1205.222 )	/ 2 )
	=	106.224	/	1188.685
	=	8.94 %

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

MGP Ingredients (FRA:M1I) 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.

MGP Ingredients ROCE % Related Terms

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MGP Ingredients (FRA:M1I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » MGP Ingredients Inc (FRA:M1I) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MGPI:USA

Address

100 Commercial Street, P.O. Box 130, Atchison, KS, USA, 66002

Website

https://www.mgpingredients.com

MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.

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