Marsden Maritime Holdings (NZSE:MMH) ROCE % : 5.42% (As of Dec. 2023)

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What is Marsden Maritime Holdings 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. Marsden Maritime Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.42%.

Marsden Maritime Holdings ROCE % Historical Data

The historical data trend for Marsden Maritime Holdings'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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Marsden Maritime Holdings ROCE % Chart

Marsden Maritime Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.81

4.66

9.17

7.71

4.94

Marsden Maritime Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															5.63	9.51	5.37	4.31	5.42

Marsden Maritime Holdings ROCE % Calculation

Marsden Maritime Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	9.537	/	( ( (200.571 - 9.379)	+	(195.824 - 1.12) )	/ 2 )
	=	9.537	/	( (191.192	+	194.704)	/ 2 )
	=	9.537	/	192.948
	=	4.94 %

Marsden Maritime Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	10.558	/	( ( (195.824 - 1.12)	+	(195.75 - 0.754) )	/ 2 )
	=	10.558	/	( ( 194.704	+	194.996 )	/ 2 )
	=	10.558	/	194.85
	=	5.42 %

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

Marsden Maritime Holdings (NZSE:MMH) 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.

Marsden Maritime Holdings ROCE % Related Terms

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Marsden Maritime Holdings (NZSE:MMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Marsden Maritime Holdings Ltd (NZSE:MMH) » Definitions » ROCE %

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N/A

Address

8 Marsden Bay Drive, Marsden Point, PO Box 196, Ruakaka, NTL, NZL, 0171

Website

https://www.marsdenmaritime.co.nz

Marsden Maritime Holdings Ltd is a New Zealand based company engaged in the operation of ports. It is focused on attracting business to the port area, through long-term lease arrangements on land owned adjacent to the port. The business segments of the group are Northport-related Operations, Property holdings, Marina and commercial and other activities. The organization operates in the geographical segment of the Greater Marsden Point Area. The company derives the majority of its revenue from the property holdings segment.

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