Magellan Aerospace (TSX:MAL) ROCE % : 9.02% (As of Dec. 2024)

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What is Magellan Aerospace 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. Magellan Aerospace's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.02%.

Magellan Aerospace ROCE % Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace ROCE % Chart

Magellan Aerospace Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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1.93

0.51

-1.87

2.94

5.95

Magellan Aerospace Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															2.53	5.03	5.18	4.74	9.02

Magellan Aerospace ROCE % Calculation

Magellan Aerospace's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	51.677	/	( ( (1032.288 - 202.861)	+	(1146.254 - 237.74) )	/ 2 )
	=	51.677	/	( (829.427	+	908.514)	/ 2 )
	=	51.677	/	868.9705
	=	5.95 %

Magellan Aerospace's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	79.956	/	( ( (1105.053 - 240.527)	+	(1146.254 - 237.74) )	/ 2 )
	=	79.956	/	( ( 864.526	+	908.514 )	/ 2 )
	=	79.956	/	886.52
	=	9.02 %

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

Magellan Aerospace (TSX:MAL) 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.

Magellan Aerospace ROCE % Related Terms

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Magellan Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (TSX:MAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MALJF:USA 4M7A:Germany 4M7A:Germany

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry, through its subsidiary engineers and manufactures aero-engine and aerostructure components for aerospace markets, including advanced products for defense and space markets, and complementary specialty products. It operates activities in one reportable segment, Aerospace, which includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and civil aviation. It generates revenue through the Sale of goods and Services. Geographically it operates in Canada, the United States, and Europe. It generates the majority of its revenue from Canada.

Executives

Michael Gribe	Senior Officer
Karen Yoshiki-gravelsins	Senior Officer
Bruce William Gowan	Director

Magellan Aerospace Headlines

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