Medies (Medies) ROCE % : 0.00% (As of Nov. 2023)

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What is Medies 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. Medies's annualized ROCE % for the quarter that ended in Nov. 2023 was 0.00%.

Medies ROCE % Historical Data

The historical data trend for Medies'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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Medies ROCE % Chart

Medies Annual Data

Trend

Feb22

Feb23

ROCE %

-387.10

Medies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial			-157.75	-604.88	-1,600.00	-	-

Medies ROCE % Calculation

Medies's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-0.06	/	( ( (0.066 - 0.04)	+	(0.061 - 0.056) )	/ 2 )
	=	-0.06	/	( (0.026	+	0.005)	/ 2 )
	=	-0.06	/	0.0155
	=	-387.10 %

Medies's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.024	/	( ( (0.049 - 0.064)	+	(0.044 - 0.064) )	/ 2 )
	=	-0.024	/	( ( -0.015	+	-0.02 )	/ 2 )
	=	-0.024	/	-0.0175
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Medies (OTCPK:MEDE) 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.

Medies ROCE % Related Terms

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Medies (Medies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Medies (OTCPK:MEDE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Fall Park Court, Leeds, West Yorkshire, GBR, LS13 2LP

Website

Medies provide a novel type of service within the scope of the online streaming industry and the metaverse network. Via motion and still, pictures digital database, meta movement, aims to connect creative artists and dancers, through the development of visual experience—specifically through metaverse technology.

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