Marks Electrical Group (LSE:MRK) ROCE % : 15.75% (As of Sep. 2023)

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What is Marks Electrical Group 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. Marks Electrical Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 15.75%.

Marks Electrical Group ROCE % Historical Data

The historical data trend for Marks Electrical Group'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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Marks Electrical Group ROCE % Chart

Marks Electrical Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

23.90

15.37

74.66

31.80

49.39

Marks Electrical Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial				37.08	33.04	37.17	64.30	15.75

Marks Electrical Group ROCE % Calculation

Marks Electrical Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	6.49	/	( ( (25.35 - 14.15)	+	(32.847 - 17.768) )	/ 2 )
	=	6.49	/	( (11.2	+	15.079)	/ 2 )
	=	6.49	/	13.1395
	=	49.39 %

Marks Electrical Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	2.376	/	( ( (32.847 - 17.768)	+	(35.352 - 20.251) )	/ 2 )
	=	2.376	/	( ( 15.079	+	15.101 )	/ 2 )
	=	2.376	/	15.09
	=	15.75 %

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

Marks Electrical Group (LSE:MRK) 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.

Marks Electrical Group ROCE % Related Terms

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Marks Electrical Group (LSE:MRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marks Electrical Group PLC (LSE:MRK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Boston Road, Leicester, GBR, LE4 1AU

Website

https://www.markselectrical.co.uk

Marks Electrical Group PLC sells, delivers, installs, and recycles a wide range of household electrical products. Primarily through its retail website - markselectrical.co.uk, the company offers over 3,000 products from over fifty brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the group maintains strong and direct relationships. Delivery to customers is operated by its own skilled team of delivery drivers in its owned and branded vehicles, who are also able to offer installation and recycling services.