Mighty Craft (ASX:MCL) ROCE % : -6.47% (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Mighty Craft 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. Mighty Craft's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.47%.

Mighty Craft ROCE % Historical Data

The historical data trend for Mighty Craft'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.

* Premium members only.

Mighty Craft ROCE % Chart

Mighty Craft Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-22.80

-33.34

-21.46

14.08

Mighty Craft Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-11.45	-21.67	-7.26	34.79	-6.47

Mighty Craft ROCE % Calculation

Mighty Craft's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	13.667	/	( ( (113.293 - 24.443)	+	(135.276 - 30.054) )	/ 2 )
	=	13.667	/	( (88.85	+	105.222)	/ 2 )
	=	13.667	/	97.036
	=	14.08 %

Mighty Craft'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 )
	=	-4.26	/	( ( (135.276 - 30.054)	+	(77.819 - 51.331) )	/ 2 )
	=	-4.26	/	( ( 105.222	+	26.488 )	/ 2 )
	=	-4.26	/	65.855
	=	-6.47 %

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

Mighty Craft (ASX:MCL) 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.

Mighty Craft ROCE % Related Terms

Thank you for viewing the detailed overview of Mighty Craft's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mighty Craft (ASX:MCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Mighty Craft Ltd (ASX:MCL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

26 Cato Street, Hawthorn East, VIC, AUS, 3123

Website

https://www.mightycraft.com.au

Mighty Craft Ltd is engaged in craft brewery and distillery businesses. The company provides beers, spirits, ready to serve drinks, and apple cider.

Mighty Craft (ASX:MCL) Headlines

No Headlines