MXEIP.PFD (Mexico Equity andome Fund) ROCE % : 0.00% (As of Jan. 2024)

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What is Mexico Equity andome Fund 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. Mexico Equity andome Fund's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Mexico Equity andome Fund ROCE % Historical Data

The historical data trend for Mexico Equity andome Fund'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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Mexico Equity andome Fund ROCE % Chart

Mexico Equity andome Fund Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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Mexico Equity andome Fund Semi-Annual Data
	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial										-	-	-	-	-

Mexico Equity andome Fund ROCE % Calculation

Mexico Equity andome Fund's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	0	/	( ( (46.034 - 0.164)	+	(67.736 - 2.18) )	/ 2 )
	=	0	/	( (45.87	+	65.556)	/ 2 )
	=	0	/	55.713
	=	0.00 %

Mexico Equity andome Fund's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	0	/	( ( (67.736 - 2.18)	+	(67.486 - 1.273) )	/ 2 )
	=	0	/	( ( 65.556	+	66.213 )	/ 2 )
	=	0	/	65.8845
	=	0.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

Mexico Equity andome Fund (OTCPK:MXEIP.PFD) 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.

Mexico Equity andome Fund ROCE % Related Terms

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Mexico Equity andome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mexico Equity and Income Fund Inc (OTCPK:MXEIP.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MXE:USA

Address

615 East Michigan Street, Milwaukee, WI, USA, 53202

Website

https://www.mxefund.com

Mexico Equity and Income Fund Inc is a closed-end, non-diversified management investment company. It maintains an investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The company provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.

Mexico Equity andome Fund Headlines

From GuruFocus

The Mexico Equity and Income Fund Announces Non-Transferable Rights Offering

By Business Wire Business Wire • 08-16-2021

The Mexico Equity and Income Fund Announces New Transfer Agent

By Business Wire Business Wire • 02-01-2023

The Mexico Equity and Income Fund Announces Extension of Rights Offering

By Business Wire Business Wire • 09-29-2021

The Mexico Equity and Income Fund, Inc. Announces Cash Dividend

By Business Wire • 12-18-2023

The Mexico Equity and Income Fund Announces Expiration of Rights Offering

By Business Wire Business Wire • 10-12-2021