MEIL (Methes Energies International) ROCE %: -2.77% (As of Aug. 2023)

What is Methes Energies International ROCE %?

Methes Energies International MEIL ROCE % is -2.77% as of Aug. 2023.

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. Methes Energies International's annualized ROCE % for the quarter that ended in Aug. 2023 was -2.77%.

Methes Energies International (OTCPK:MEIL) 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.

Methes Energies International ROCE % Related Terms

Methes Energies International ROCE % Historical Data

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The historical data trend for Methes Energies International'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.

Methes Energies International ROCE % Chart

Methes Energies International Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

ROCE %

-52.87

-21.52

-67.08

-121.38

-123.77

Methes Energies International Quarterly Data
	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Aug22	May23	Aug23
ROCE %	Get a 7-Day Free Trial															-46.24	-36.29	0.00	0.00	-2.77

Methes Energies International ROCE % Calculation

Methes Energies International's annualized ROCE % for the fiscal year that ended in Nov. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2014 )		(A: Nov. 2013 )		(A: Nov. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2014 )		(A: Nov. 2013 )		(A: Nov. 2014 )
	=	-5.814	/	( ( (10.866 - 8.219)	+	(9.003 - 2.255) )	/ 2 )
	=	-5.814	/	( (2.647	+	6.748)	/ 2 )
	=	-5.814	/	4.6975
	=	-123.77 %

Methes Energies International's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: May. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: May. 2023 )		(Q: Aug. 2023 )
	=	-0.192	/	( ( (7.079 - 0.14)	+	(7.078 - 0.138) )	/ 2 )
	=	-0.192	/	( ( 6.939	+	6.94 )	/ 2 )
	=	-0.192	/	6.9395
	=	-2.77 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -2.77% mean?

Methes Energies International (MEIL) has a ROCE % of -2.77% as of Aug. 2023.

Is Methes Energies International's ROCE % too high?

Methes Energies International's current ROCE % is -2.77%.

How does Methes Energies International's ROCE % compare to PARG and WWSG?

Methes Energies International's ROCE % of -2.77% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Diversified Financial Services company?

A good ROCE % depends on the Diversified Financial Services industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. Methes Energies International's current ROCE % is -2.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Methes Energies International stock overvalued right now?

Methes Energies International (MEIL) has a current ROCE % of -2.77%. The current ROCE % is -2.77%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Methes Energies International (MEIL), the current ROCE % is -2.77% as of Aug. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Methes Energies International Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies PARG WWSG BBOE BISA SVAD STRG MMNT MYCB NICH KSSH PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA

Address 1208 Celebration Avenue, Celebration, FL, USA, 34747

Website https://www.methes.com

Methes Energies International Ltd produces and sells a line of fully biodegradable lubricants. It has an extensive line of plant-based biodegradable fluid products to replace petroleum-based products which are Hydraulic Fluid, Engine Oil (auto and light trucks), Heavy-duty diesel oils, Small engine oils, Chainsaw Bar and Chain Oil, Transformer oils, Marine oils light and heavy.