MK Restaurant Group PCL (BKK:M) ROCE % : 15.49% (As of Dec. 2023)

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What is MK Restaurant Group PCL 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. MK Restaurant Group PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.49%.

MK Restaurant Group PCL ROCE % Historical Data

The historical data trend for MK Restaurant Group PCL'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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MK Restaurant Group PCL ROCE % Chart

MK Restaurant Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.00

6.82

1.05

10.89

12.17

MK Restaurant Group PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.34	9.74	12.61	11.29	15.49

MK Restaurant Group PCL ROCE % Calculation

MK Restaurant Group PCL'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 )
	=	2082.255	/	( ( (19901.077 - 2937.753)	+	(20347.252 - 3087.439) )	/ 2 )
	=	2082.255	/	( (16963.324	+	17259.813)	/ 2 )
	=	2082.255	/	17111.5685
	=	12.17 %

MK Restaurant Group PCL'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2622.396	/	( ( (19507.302 - 2897.118)	+	(20347.252 - 3087.439) )	/ 2 )
	=	2622.396	/	( ( 16610.184	+	17259.813 )	/ 2 )
	=	2622.396	/	16934.9985
	=	15.49 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

MK Restaurant Group PCL (BKK:M) 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.

MK Restaurant Group PCL ROCE % Related Terms

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MK Restaurant Group PCL (BKK:M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » MK Restaurant Group PCL (BKK:M) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1200 Debaratna Road, Bangnatai, Bangna, Bangkok, THA, 10260

Website

https://www.mkrestaurant.com

MK Restaurant Group PCL operates nearly 703 Suki, Thai, and Japanese restaurants in Thailand under brand names including MK, Siam, Yayoi, Miyazaki, and Hakata. The company also has a franchise agreement with Plenus-MK Limited for that company to operate franchised Sukiyaki restaurants in Japan. In addition to the restaurants, MK Restaurant Group has a smaller training service provider segment that provides management service and training to other companies. More than 90% of the company's revenue comes from Thailand.