Memstar Technology (Memstar Technology) ROCE % : 0.00% (As of Dec. 2019)

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What is Memstar Technology 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. Memstar Technology's annualized ROCE % for the quarter that ended in Dec. 2019 was 0.00%.

Memstar Technology ROCE % Historical Data

The historical data trend for Memstar Technology'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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Memstar Technology ROCE % Chart

Memstar Technology Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

ROCE %

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-1.00

-28.15

-61.25

Memstar Technology Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Sep19	Dec19
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Memstar Technology ROCE % Calculation

Memstar Technology's annualized ROCE % for the fiscal year that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	-0.151	/	( ( (0.113 - 1.02)	+	(0.063 - 1.145) )	/ 2 )
	=	-0.151	/	( (-0.907	+	-1.082)	/ 2 )
	=	-0.151	/	-0.9945
	=	15.18 %

Memstar Technology's ROCE % of for the quarter that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2019 )		(Q: Sep. 2019 )		(Q: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2019 )		(Q: Sep. 2019 )		(Q: Dec. 2019 )
	=	-0.096	/	( ( (0.086 - 1.429)	+	(0.295 - 1.684) )	/ 2 )
	=	-0.096	/	( ( -1.343	+	-1.389 )	/ 2 )
	=	-0.096	/	-1.366
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2019) EBIT data.

Memstar Technology (OTCPK:MMTAF) 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.

Memstar Technology ROCE % Related Terms

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Memstar Technology (Memstar Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Memstar Technology Ltd (OTCPK:MMTAF) » Definitions » ROCE %

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N/A

Address

11 Kian Teck Drive, Singapore, SGP, 628828

Website

http://www.memstar.com.sg

Memstar Technology Ltd is engaged in research, manufacturing, and application development of polyvinylidene fluoride (PVDF) hollow fiber membrane technology. The company products include Hollow Fiber - UF and MBR; Reverse Osmosis (RO) and Direct Competitor Replacements.

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