Muscat Thread MillsOG (MUS:MTMI) ROCE % : 2.35% (As of Dec. 2022)

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What is Muscat Thread MillsOG 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. Muscat Thread MillsOG's annualized ROCE % for the quarter that ended in Dec. 2022 was 2.35%.

Muscat Thread MillsOG ROCE % Historical Data

The historical data trend for Muscat Thread MillsOG'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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Muscat Thread MillsOG ROCE % Chart

Muscat Thread MillsOG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec21

Dec22

ROCE %

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-6.50

4.06

10.43

5.07

2.35

Muscat Thread MillsOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial									-6.50	4.06	10.43	5.07	2.35

Muscat Thread MillsOG ROCE % Calculation

Muscat Thread MillsOG'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 )
	=	0.051	/	( ( (3.386 - 1.19)	+	(2.916 - 0.777) )	/ 2 )
	=	0.051	/	( (2.196	+	2.139)	/ 2 )
	=	0.051	/	2.1675
	=	2.35 %

Muscat Thread MillsOG's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	0.051	/	( ( (3.386 - 1.19)	+	(2.916 - 0.777) )	/ 2 )
	=	0.051	/	( ( 2.196	+	2.139 )	/ 2 )
	=	0.051	/	2.1675
	=	2.35 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Muscat Thread MillsOG (MUS:MTMI) 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.

Muscat Thread MillsOG ROCE % Related Terms

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Muscat Thread MillsOG (MUS:MTMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Muscat Thread Mills SAOG (MUS:MTMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No 18, P.O.Box 122, Rusayl, OMN, 124

Website

http://www.mtm.com.om

Muscat Thread Mills SAOG manufactures and markets sewing threads in the Sultanate of Oman. It offers apparel sewing, embroidery, fire-resistant, and water-soluble threads under the Boat and Silver Falcon brand names. The firm's revenue is mainly generated from exports. The company also markets its products to Bangladesh, Sri Lanka, India, Pakistan, the United Arab Emirates, Turkey, Jordan, Madagascar, Kenya, Egypt, Mauritius, Saudi Arabia, Indonesia, Qatar, and Kuwait.

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