Maytronics (XTAE:MTRN) ROCE % : 24.83% (As of Mar. 2024)

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What is Maytronics 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. Maytronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.83%.

Maytronics ROCE % Historical Data

The historical data trend for Maytronics'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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Maytronics ROCE % Chart

Maytronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.68

34.93

41.08

30.10

21.47

Maytronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															49.93	46.31	6.27	-19.28	24.83

Maytronics ROCE % Calculation

Maytronics'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 )
	=	247.772	/	( ( (2091.614 - 955.393)	+	(2179.305 - 1007.909) )	/ 2 )
	=	247.772	/	( (1136.221	+	1171.396)	/ 2 )
	=	247.772	/	1153.8085
	=	21.47 %

Maytronics's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	294.536	/	( ( (2179.305 - 1007.909)	+	(2411.844 - 1211.109) )	/ 2 )
	=	294.536	/	( ( 1171.396	+	1200.735 )	/ 2 )
	=	294.536	/	1186.0655
	=	24.83 %

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

Maytronics (XTAE:MTRN) 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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Maytronics (XTAE:MTRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maytronics Ltd (XTAE:MTRN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Kibbutz Yizreel, Jezreel, ISR, 19350

Website

https://www.maytronics.co.il

Maytronics Ltd is an Israel-based company which provides a complete solution for swimming pool care. It delivers automatic pool cleaners, environment-friendly water treatment systems, and pool safety products to residential and commercial swimming pool owners and operators across the world. The company's product brands are Dolphin line of robotic pool cleaners, the AQUAlife pool covers and Aqualarm and Espio pool alarms. Its operating segment includes Manufacturing of private pool cleaning robots as a key revenue driver; Manufacturing of public pool cleaning robots and Safety products and related pool products.