Mene (MENEF) ROCE % : 32.49% (As of Sep. 2024)

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What is Mene 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. Mene's annualized ROCE % for the quarter that ended in Sep. 2024 was 32.49%.

Mene ROCE % Historical Data

The historical data trend for Mene'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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Mene ROCE % Chart

Mene Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.64

-10.19

1.12

-5.14

-9.32

Mene Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-12.59	-30.56	-20.82	-6.61	32.49

Mene ROCE % Calculation

Mene'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 )
	=	-1.201	/	( ( (23.345 - 9.943)	+	(13.583 - 1.205) )	/ 2 )
	=	-1.201	/	( (13.402	+	12.378)	/ 2 )
	=	-1.201	/	12.89
	=	-9.32 %

Mene's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	3.996	/	( ( (13.432 - 1.24)	+	(13.445 - 1.04) )	/ 2 )
	=	3.996	/	( ( 12.192	+	12.405 )	/ 2 )
	=	3.996	/	12.2985
	=	32.49 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Mene (OTCPK:MENEF) 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.

Mene ROCE % Related Terms

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Mene Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mene Inc (OTCPK:MENEF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MENE:Canada

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.mene.com

Mene Inc crafts pure 24-karat gold and platinum jewelry that is transparently sold by gram weight through mene.com, customers may buy jewelry, monitor the value of their collection, and sell or exchange their pieces by gram weight at prevailing market prices. The company retails its jewelry by gram weight direct-to-consumer through an online shopping experience.

Mene Headlines

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