Mennica Polska (WAR:MNC) ROCE % : 16.47% (As of Sep. 2024)

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What is Mennica Polska 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. Mennica Polska's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.47%.

Mennica Polska ROCE % Historical Data

The historical data trend for Mennica Polska'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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Mennica Polska ROCE % Chart

Mennica Polska Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.17

12.36

18.72

6.64

20.47

Mennica Polska Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															14.55	41.48	16.50	24.27	16.47

Mennica Polska ROCE % Calculation

Mennica Polska'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 )
	=	145.298	/	( ( (967.135 - 316.113)	+	(1090.175 - 321.549) )	/ 2 )
	=	145.298	/	( (651.022	+	768.626)	/ 2 )
	=	145.298	/	709.824
	=	20.47 %

Mennica Polska's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	128.516	/	( ( (1114.723 - 348.098)	+	(1203.351 - 409.629) )	/ 2 )
	=	128.516	/	( ( 766.625	+	793.722 )	/ 2 )
	=	128.516	/	780.1735
	=	16.47 %

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

Mennica Polska (WAR:MNC) 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.

Mennica Polska ROCE % Related Terms

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Mennica Polska Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mennica Polska SA (WAR:MNC) » Definitions » ROCE %

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Traded in Other Exchanges

7N5:Germany

Address

al Jana Pawla II 23, Atrium International Business Center, 3rd floor, Warsaw, POL, 00-854

Website

http://www.mennica.com.pl

Mennica Polska SA is a metal processing company in Poland. It is one of the country's leading producers and distributors of mint and engraving/medal products. The activities of the company are focused on four markets, namely mint products, precious metals processing, ICT services and property development. Mennica's core activity is the production of coins in circulation in Poland. Additionally, it also produces badges, medals, and token coins. In its precious metals segment, the company manufactures catalytic gauzes, paints, equipment for glass furnaces, rolled and drawn precious metal products. The Electronic payment segment deals with the operation of card systems, the sale of public transport tickets and other payment systems.

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