Mercantile Ports and Logistics (LSE:MPL) ROCE % : -3.95% (As of Jun. 2023)

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What is Mercantile Ports and Logistics 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. Mercantile Ports and Logistics's annualized ROCE % for the quarter that ended in Jun. 2023 was -3.95%.

Mercantile Ports and Logistics ROCE % Historical Data

The historical data trend for Mercantile Ports and Logistics'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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Mercantile Ports and Logistics ROCE % Chart

Mercantile Ports and Logistics Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-2.36

-2.91

-2.93

-1.04

-4.76

Mercantile Ports and Logistics Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-2.04	-0.08	-4.51	-4.86	-3.95

Mercantile Ports and Logistics ROCE % Calculation

Mercantile Ports and Logistics's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-6.517	/	( ( (154.615 - 12.867)	+	(144.268 - 12.058) )	/ 2 )
	=	-6.517	/	( (141.748	+	132.21)	/ 2 )
	=	-6.517	/	136.979
	=	-4.76 %

Mercantile Ports and Logistics's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-5.142	/	( ( (144.268 - 12.058)	+	(144.471 - 16.614) )	/ 2 )
	=	-5.142	/	( ( 132.21	+	127.857 )	/ 2 )
	=	-5.142	/	130.0335
	=	-3.95 %

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

Mercantile Ports and Logistics (LSE:MPL) 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.

Mercantile Ports and Logistics ROCE % Related Terms

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Mercantile Ports and Logistics (LSE:MPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mercantile Ports and Logistics Ltd (LSE:MPL) » Definitions » ROCE %

Traded in Other Exchanges

MPL.GB:UK 9KS0:Germany

Address

Le Bordage Road, 1st Floor, Tudor House, Saint Peter Port, GGY, GY1 1DB

Website

https://www.mercpl.com

Mercantile Ports and Logistics Ltd develops, owns, and operates port and logistics facilities. The site of the company's first project is at Karanja Creek in the Raigad district of Maharashtra, where it intends to develop and operate a modern and efficient port and logistics complex. At the Karanja port, the company focuses on mid-stream discharge and loading of cargo while vessels wait at anchorage for a berth in JNPT, and coastal movement of cargoes, such as containers, cement, and other break-bulk cargo, which typically ply in smaller vessels. The company has only one operating and geographic segment, being the project on hand in India. The company generates the majority of its revenue from lease income operations.

Mercantile Ports and Logistics (LSE:MPL) Headlines

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