Millenniumpthorne Hotels New Zealand (NZSE:MCK) ROCE % : 6.46% (As of Jun. 2024)

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What is Millenniumpthorne Hotels New Zealand 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. Millenniumpthorne Hotels New Zealand's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.46%.

Millenniumpthorne Hotels New Zealand ROCE % Historical Data

The historical data trend for Millenniumpthorne Hotels New Zealand'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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Millenniumpthorne Hotels New Zealand ROCE % Chart

Millenniumpthorne Hotels New Zealand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.60

5.49

8.26

7.13

5.81

Millenniumpthorne Hotels New Zealand Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															10.23	4.07	3.68	7.95	6.46

Millenniumpthorne Hotels New Zealand ROCE % Calculation

Millenniumpthorne Hotels New Zealand'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 )
	=	39.917	/	( ( (709.186 - 31.31)	+	(746.79 - 50.226) )	/ 2 )
	=	39.917	/	( (677.876	+	696.564)	/ 2 )
	=	39.917	/	687.22
	=	5.81 %

Millenniumpthorne Hotels New Zealand's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	45.258	/	( ( (746.79 - 50.226)	+	(738.522 - 33.968) )	/ 2 )
	=	45.258	/	( ( 696.564	+	704.554 )	/ 2 )
	=	45.258	/	700.559
	=	6.46 %

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

Millenniumpthorne Hotels New Zealand (NZSE:MCK) 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.

Millenniumpthorne Hotels New Zealand ROCE % Related Terms

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Millenniumpthorne Hotels New Zealand Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels New Zealand Ltd (NZSE:MCK) » Definitions » ROCE %

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Traded in Other Exchanges

MCKPA.PFD:New Zealand

Address

23 Customs Street East, Victoria Street West, Level 7, PO Box 5640,, Auckland, NZL, 1142

Website

https://www.millenniumhotels.com

Millennium & Copthorne Hotels New Zealand Ltd is engaged in the ownership and operation of hotels in New Zealand. The group is also involved in the residential development and sale of land in New Zealand and the development and sale of residential units in Australia. The operating segments of the group are Hotel operations which comprise income from the ownership and management of hotels; Residential land development, comprising the development and sale of land; Residential and commercial property development, comprising the development and sale of residential apartments; Investment property comprising rental income from warehouses. The majority of the revenue is generated from the Hotel operations segment. The company operates in the geographical areas of New Zealand and Australia.