MTN Zakhele Futhi (RF) (JSE:MTNZF) ROCE % : -25.05% (As of Jun. 2024)

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What is MTN Zakhele Futhi (RF) 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. MTN Zakhele Futhi (RF)'s annualized ROCE % for the quarter that ended in Jun. 2024 was -25.05%.

MTN Zakhele Futhi (RF) ROCE % Historical Data

The historical data trend for MTN Zakhele Futhi (RF)'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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MTN Zakhele Futhi (RF) ROCE % Chart

MTN Zakhele Futhi (RF) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.43

5.71

15.37

-16.15

-16.16

MTN Zakhele Futhi (RF) Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial											-10.44	-24.72	2.45	-33.71	-25.05

MTN Zakhele Futhi (RF) ROCE % Calculation

MTN Zakhele Futhi (RF)'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 )
	=	-738.315	/	( ( (6533.878 - 22.063)	+	(5976.873 - 3353.368) )	/ 2 )
	=	-738.315	/	( (6511.815	+	2623.505)	/ 2 )
	=	-738.315	/	4567.66
	=	-16.16 %

MTN Zakhele Futhi (RF)'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 )
	=	-431.568	/	( ( (5976.873 - 3353.368)	+	(4451.858 - 3629.455) )	/ 2 )
	=	-431.568	/	( ( 2623.505	+	822.403 )	/ 2 )
	=	-431.568	/	1722.954
	=	-25.05 %

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

MTN Zakhele Futhi (RF) (JSE:MTNZF) 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.

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MTN Zakhele Futhi (RF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » MTN Zakhele Futhi (RF) Ltd (JSE:MTNZF) » Definitions » ROCE %

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Address

135 Rivonia Road, Sandown, Johannesburg, GT, ZAF, 2196

Website

https://www.mtnzakhelefuthi.co.za

MTN Zakhele Futhi (RF) Ltd is an investment company formed as a special purpose investment vehicle to facilitate the implementation of a Broad-Based Black Economic Empowerment. The company is engaged in acquiring and holding shares in MTN Group on behalf of the participating black public.

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