Makedonija Turist AD (XMAE:MTUR) ROCE % : 15.21% (As of Sep. 2024)

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What is Makedonija Turist AD 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. Makedonija Turist AD's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.21%.

Makedonija Turist AD ROCE % Historical Data

The historical data trend for Makedonija Turist AD'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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Makedonija Turist AD ROCE % Chart

Makedonija Turist AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.19

-1.39

0.84

1.14

3.81

Makedonija Turist AD 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															5.57	3.73	0.40	7.90	15.21

Makedonija Turist AD ROCE % Calculation

Makedonija Turist AD'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 )
	=	106.303	/	( ( (2746.998 - 45.223)	+	(2938.902 - 61.984) )	/ 2 )
	=	106.303	/	( (2701.775	+	2876.918)	/ 2 )
	=	106.303	/	2789.3465
	=	3.81 %

Makedonija Turist AD'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 )
	=	431.584	/	( ( (2970.596 - 133.726)	+	(0 - 0) )	/ 1 )
	=	431.584	/	( ( 2836.87	+	0 )	/ 1 )
	=	431.584	/	2836.87
	=	15.21 %

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

Makedonija Turist AD (XMAE:MTUR) 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.

Makedonija Turist AD ROCE % Related Terms

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Makedonija Turist AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Makedonija Turist AD (XMAE:MTUR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Filip Vtori Makedonski br.5, Skopje, MKD, 1000

Website

http://www.makedonijaturist.com.mk

Makedonija Turist AD provides tourism, catering and hotel services. It operates hotels offering short and longer stays, conference rooms, business center, fitness center and sauna. Its hotel properties include Holiday Inn Skopje, Best Western Hotel Turist, Hotel Karpos, Hotel Bellevue and Hotel Vodno. The company also operates Ogniste Restaurant.

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