Monaghan Capital Fund (TSXV:EIRE.P) ROCE % : -7.69% (As of Nov. 2024)

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What is Monaghan Capital Fund 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. Monaghan Capital Fund's annualized ROCE % for the quarter that ended in Nov. 2024 was -7.69%.

Monaghan Capital Fund ROCE % Historical Data

The historical data trend for Monaghan Capital Fund'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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Monaghan Capital Fund ROCE % Chart

Monaghan Capital Fund Annual Data

Trend

Feb22

Feb23

Feb24

ROCE %

-7.62

-12.70

Monaghan Capital Fund Quarterly Data
	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial								-3.93	-11.52	-4.00	-5.46	-7.69

Monaghan Capital Fund ROCE % Calculation

Monaghan Capital Fund's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.146	/	( ( (1.231 - 0.033)	+	(1.129 - 0.028) )	/ 2 )
	=	-0.146	/	( (1.198	+	1.101)	/ 2 )
	=	-0.146	/	1.1495
	=	-12.70 %

Monaghan Capital Fund's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.084	/	( ( (1.108 - 0.01)	+	(1.113 - 0.025) )	/ 2 )
	=	-0.084	/	( ( 1.098	+	1.088 )	/ 2 )
	=	-0.084	/	1.093
	=	-7.69 %

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

Monaghan Capital Fund (TSXV:EIRE.P) 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.

Monaghan Capital Fund ROCE % Related Terms

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Monaghan Capital Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Monaghan Capital Fund Ltd (TSXV:EIRE.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1066 West Hastings Street, Suite 2600, Vancouver, BC, CAN, V6E 3X1

Website

Monaghan Capital Fund Ltd is a capital pool company.

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