MacroAsia (PHS:MAC) ROCE % : 18.98% (As of Mar. 2024)

View and export this data going back to 1970. Start your Free Trial

What is MacroAsia 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. MacroAsia's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.98%.

MacroAsia ROCE % Historical Data

The historical data trend for MacroAsia'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.

MacroAsia ROCE % Chart

MacroAsia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

16.55

-19.27

-1.43

8.05

14.73

MacroAsia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.89	13.10	21.04	12.44	18.98

MacroAsia ROCE % Calculation

MacroAsia'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 )
	=	1342.832	/	( ( (11504.694 - 2641.468)	+	(12694.942 - 3322.44) )	/ 2 )
	=	1342.832	/	( (8863.226	+	9372.502)	/ 2 )
	=	1342.832	/	9117.864
	=	14.73 %

MacroAsia's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1799.296	/	( ( (12694.942 - 3322.44)	+	(13006.243 - 3414.144) )	/ 2 )
	=	1799.296	/	( ( 9372.502	+	9592.099 )	/ 2 )
	=	1799.296	/	9482.3005
	=	18.98 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

MacroAsia (PHS:MAC) 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.

MacroAsia ROCE % Related Terms

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

MacroAsia (PHS:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MacroAsia Corp (PHS:MAC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6754 Ayala Avenue, 12th Floor, PNB Allied Bank Center, Makati City, PHL, 1226

Website

https://www.macroasiacorp.com

MacroAsia Corp engages in providing aviation-support businesses at the Ninoy Aquino International Airport, Manila Domestic Airport, Mactan-Cebu International Airport, Kalibo International Airport, Davao International Airport, and the General Aviation Area. It provides in-flight catering services, ground handling services for passenger and cargo aircraft, and helicopter charter flight services. Its segments are In-flight and other catering segments, Ground handling and aviation segment, Administrative segment, Charter flights segment, Mining segment, Water treatment and distribution segment, and Maintenance, repairs, and overhaul segment.