Michelmersh Brick Holdings (FRA:MPO) ROCE % : 7.68% (As of Jun. 2024)

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What is Michelmersh Brick Holdings 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. Michelmersh Brick Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.68%.

Michelmersh Brick Holdings ROCE % Historical Data

The historical data trend for Michelmersh Brick Holdings'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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Michelmersh Brick Holdings ROCE % Chart

Michelmersh Brick Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.59

6.93

10.11

11.13

11.79

Michelmersh Brick Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															11.16	11.49	11.51	12.16	7.68

Michelmersh Brick Holdings ROCE % Calculation

Michelmersh Brick Holdings'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 )
	=	14.612	/	( ( (141.779 - 20.444)	+	(143.909 - 17.445) )	/ 2 )
	=	14.612	/	( (121.335	+	126.464)	/ 2 )
	=	14.612	/	123.8995
	=	11.79 %

Michelmersh Brick Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	9.742	/	( ( (143.909 - 17.445)	+	(147.502 - 20.411) )	/ 2 )
	=	9.742	/	( ( 126.464	+	127.091 )	/ 2 )
	=	9.742	/	126.7775
	=	7.68 %

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

Michelmersh Brick Holdings (FRA:MPO) 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.

Michelmersh Brick Holdings ROCE % Related Terms

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Michelmersh Brick Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Michelmersh Brick Holdings PLC (FRA:MPO) » Definitions » ROCE %

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Traded in Other Exchanges

MBH:UK

Address

Freshfield Lane, Danehill, Haywards Heath, West Sussex, GBR, RH17 7HH

Website

https://www.mbhplc.co.uk

Michelmersh Brick Holdings PLC is a business with brands, namely, Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren and Hathern Terra Cotta. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Ltd, and seeks to develop future landfill and development opportunities on ancillary land assets. It currently owns the UK's premium manufacturing brick brands and is a specification brick and clay paving manufacturer. Geographically, the majority is derived from the United Kingdom.

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