Morefield Group (XAMS:MORE) ROCE % : 40.29% (As of Dec. 2023)

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What is Morefield Group 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. Morefield Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 40.29%.

Morefield Group ROCE % Historical Data

The historical data trend for Morefield Group'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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Morefield Group ROCE % Chart

Morefield Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2,142.86

1.45

18.41

19.06

32.95

Morefield Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.99	17.48	32.95	26.44	40.29

Morefield Group ROCE % Calculation

Morefield Group'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 )
	=	9.873	/	( ( (51.691 - 23.135)	+	(56.647 - 25.268) )	/ 2 )
	=	9.873	/	( (28.556	+	31.379)	/ 2 )
	=	9.873	/	29.9675
	=	32.95 %

Morefield Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	12.148	/	( ( (53.957 - 25.033)	+	(56.647 - 25.268) )	/ 2 )
	=	12.148	/	( ( 28.924	+	31.379 )	/ 2 )
	=	12.148	/	30.1515
	=	40.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Morefield Group (XAMS:MORE) 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.

Morefield Group ROCE % Related Terms

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Morefield Group (XAMS:MORE) Business Description

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Schouwburgweg 5, P.O. Box 3035, Willemstad, CUW

Website

http://www.morefieldgroup.nl

Morefield Group, formerly HeadFirst Source Group NV provides staffing services. The company through its subsidiaries is engaged in mediation with the hiring of external personnel, contracting and matchmaking for corporates and semi-government. It provides professionals in the fields of IT, Business, Banker, Financial, Marketing Communications, Human Resources, and others.

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