Master Drilling Group (JSE:MDI) ROCE % : 0.00% (As of Dec. 2023)

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What is Master Drilling 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. Master Drilling Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Master Drilling Group ROCE % Historical Data

The historical data trend for Master Drilling 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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Master Drilling Group ROCE % Chart

Master Drilling Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.34

4.72

15.05

16.10

13.65

Master Drilling Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															20.64	17.71	16.27	-	-

Master Drilling Group ROCE % Calculation

Master Drilling 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 )
	=	670.222	/	( ( (6082.076 - 1419.898)	+	(6742.67 - 1585.577) )	/ 2 )
	=	670.222	/	( (4662.178	+	5157.093)	/ 2 )
	=	670.222	/	4909.6355
	=	13.65 %

Master Drilling Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0	/	( ( (6342.978 - 1454.69)	+	(6742.67 - 1585.577) )	/ 2 )
	=	0	/	( ( 4888.288	+	5157.093 )	/ 2 )
	=	0	/	5022.6905
	=	0.00 %

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

Master Drilling Group (JSE:MDI) 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.

Master Drilling Group ROCE % Related Terms

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Master Drilling Group (JSE:MDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Master Drilling Group Ltd (JSE:MDI) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

4 Bosman Street, PO Box 902, Fochville, GT, ZAF, 2515

Website

https://www.masterdrilling.com

Master Drilling Group Ltd is a drilling services company. It offers drilling services to mid-tier and junior mining companies across a range of commodities and resources. The company comprises of two main operational sub-groups - South African operations and international operations. Its services offering include Raiseboring, Boxhole borning, Exploration drilling, and value-added services. Geographically, the company generates a majority share of its revenue from Africa and America.

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