Mabel Ventures (XCNQ:MBL) ROCE % : -40.71% (As of May. 2024)

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What is Mabel Ventures 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. Mabel Ventures's annualized ROCE % for the quarter that ended in May. 2024 was -40.71%.

Mabel Ventures ROCE % Historical Data

The historical data trend for Mabel Ventures'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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Mabel Ventures ROCE % Chart

Mabel Ventures Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug20

Aug21

Aug22

Aug23

ROCE %

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-12.60

-1.02

-289.04

Mabel Ventures Quarterly Data
	Aug14	Nov14	Feb15	May15	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															-	-1,600.00	-75.52	-52.17	-40.71

Mabel Ventures ROCE % Calculation

Mabel Ventures's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.211	/	( ( (0.006 - 0.414)	+	(0.61 - 0.056) )	/ 2 )
	=	-0.211	/	( (-0.408	+	0.554)	/ 2 )
	=	-0.211	/	0.073
	=	-289.04 %

Mabel Ventures's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-0.16	/	( ( (0.437 - 0.026)	+	(0.387 - 0.012) )	/ 2 )
	=	-0.16	/	( ( 0.411	+	0.375 )	/ 2 )
	=	-0.16	/	0.393
	=	-40.71 %

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

Mabel Ventures (XCNQ:MBL) 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.

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