Matex International (SGX:M15) ROCE % : -25.14% (As of Jun. 2024)

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What is Matex International 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. Matex International's annualized ROCE % for the quarter that ended in Jun. 2024 was -25.14%.

Matex International ROCE % Historical Data

The historical data trend for Matex International'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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Matex International ROCE % Chart

Matex International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-33.31

-48.01

-45.75

30.18

-26.53

Matex International 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															-63.83	117.08	-21.31	-30.97	-25.14

Matex International ROCE % Calculation

Matex International'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 )
	=	-3.903	/	( ( (24.254 - 7.651)	+	(21.398 - 8.573) )	/ 2 )
	=	-3.903	/	( (16.603	+	12.825)	/ 2 )
	=	-3.903	/	14.714
	=	-26.53 %

Matex International'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 )
	=	-2.992	/	( ( (21.398 - 8.573)	+	(18.33 - 7.348) )	/ 2 )
	=	-2.992	/	( ( 12.825	+	10.982 )	/ 2 )
	=	-2.992	/	11.9035
	=	-25.14 %

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

Matex International (SGX:M15) 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.

Matex International ROCE % Related Terms

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Matex International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Matex International Ltd (SGX:M15) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1003, Bukit Merah Central, No. 01-10, Inno Centre, Singapore, SGP, 159836

Website

https://www.matex.com.sg

Matex International Ltd is a manufacturer, supplier, and agent of dyestuffs and auxiliary chemicals, color measurement, and computer-aided systems to the textile, paper, leather, detergent, and polymers industry. The geographic segments of the company are the PRC and other Asia Pacific Countries. The company generates maximum revenue from the PRC.

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