My Food Bag Group (NZSE:MFB) ROCE % : 10.70% (As of Sep. 2023)

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What is My Food Bag Group 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. My Food Bag Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.70%.

My Food Bag Group ROCE % Historical Data

The historical data trend for My Food Bag Group'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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My Food Bag Group ROCE % Chart

My Food Bag Group Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

12.99

35.49

15.23

My Food Bag Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			33.70	37.80	21.89	8.95	10.70

My Food Bag Group ROCE % Calculation

My Food Bag Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	12.496	/	( ( (105.668 - 24.965)	+	(108.551 - 25.162) )	/ 2 )
	=	12.496	/	( (80.703	+	83.389)	/ 2 )
	=	12.496	/	82.046
	=	15.23 %

My Food Bag Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	9.058	/	( ( (108.551 - 25.162)	+	(107.637 - 21.767) )	/ 2 )
	=	9.058	/	( ( 83.389	+	85.87 )	/ 2 )
	=	9.058	/	84.6295
	=	10.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

My Food Bag Group (NZSE:MFB) 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.

My Food Bag Group ROCE % Related Terms

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My Food Bag Group (NZSE:MFB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » My Food Bag Group Ltd (NZSE:MFB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 3, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.myfoodbag.co.nz

My Food Bag Group Ltd operates in the fast-growing online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue primarily by the volume of bags delivered to customers and the average order value of bags delivered.

My Food Bag Group (NZSE:MFB) Headlines

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