Marshall Monteagle (JSE:MMP) ROCE % : 3.69% (As of Sep. 2023)

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What is Marshall Monteagle 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. Marshall Monteagle's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.69%.

Marshall Monteagle ROCE % Historical Data

The historical data trend for Marshall Monteagle'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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Marshall Monteagle ROCE % Chart

Marshall Monteagle Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Mar23

ROCE %

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12.60

9.08

6.53

1.90

3.06

Marshall Monteagle Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															12.41	7.97	-2.09	8.02	3.69

Marshall Monteagle ROCE % Calculation

Marshall Monteagle's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Sep. 2020 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Sep. 2020 )		(A: Mar. 2023 )
	=	54.833	/	( ( (2186.87 - 482.673)	+	(2394.587 - 519.008) )	/ 2 )
	=	54.833	/	( (1704.197	+	1875.579)	/ 2 )
	=	54.833	/	1789.888
	=	3.06 %

Marshall Monteagle's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	70.098	/	( ( (2394.587 - 519.008)	+	(2450.103 - 528.517) )	/ 2 )
	=	70.098	/	( ( 1875.579	+	1921.586 )	/ 2 )
	=	70.098	/	1898.5825
	=	3.69 %

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

Marshall Monteagle (JSE:MMP) 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.

Marshall Monteagle ROCE % Related Terms

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Marshall Monteagle (JSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Marshall Monteagle PLC (JSE:MMP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH

Website

https://www.monteaglegroup.com

Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; primarily imports to South Africa and Latin America, and exports from South Africa.