Move Logistics Group (NZSE:MOV) ROCE % : -11.15% (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Move Logistics 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. Move Logistics Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.15%.

Move Logistics Group ROCE % Historical Data

The historical data trend for Move Logistics 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.

* Premium members only.

Move Logistics Group ROCE % Chart

Move Logistics Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

10.45

3.83

0.94

0.31

-2.20

Move Logistics Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															0.38	0.20	-2.17	-2.24	-11.15

Move Logistics Group ROCE % Calculation

Move Logistics Group'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 )
	=	-5.193	/	( ( (327.117 - 85.555)	+	(305.236 - 74.838) )	/ 2 )
	=	-5.193	/	( (241.562	+	230.398)	/ 2 )
	=	-5.193	/	235.98
	=	-2.20 %

Move Logistics Group'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 )
	=	-26.62	/	( ( (305.236 - 74.838)	+	(316.5 - 69.498) )	/ 2 )
	=	-26.62	/	( ( 230.398	+	247.002 )	/ 2 )
	=	-26.62	/	238.7
	=	-11.15 %

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

Move Logistics Group (NZSE:MOV) 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.

Move Logistics Group ROCE % Related Terms

Thank you for viewing the detailed overview of Move Logistics Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Move Logistics Group (NZSE:MOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Move Logistics Group Ltd (NZSE:MOV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MOV:Australia

Address

330 Devon Street East, Fitzroy, New Plymouth, TKI, NZL, 4312

Website

https://www.movelogistics.com

Move Logistics Group Ltd offers freight transport and warehousing services throughout New Zealand and coordinates freight movements offshore through international alliances. The company's operating segments include International; Specialist; Freighting; Contract Logistics and Corporate. It generates maximum revenue from the Freighting segment.