MS International (LSE:MSI) ROCE % : 28.02% (As of Oct. 2023)

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What is MS International 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. MS International's annualized ROCE % for the quarter that ended in Oct. 2023 was 28.02%.

MS International ROCE % Historical Data

The historical data trend for MS International'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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MS International ROCE % Chart

MS International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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11.45

-7.38

4.49

14.21

11.13

MS International Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															4.07	24.75	15.11	7.23	28.02

MS International ROCE % Calculation

MS International's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	5.348	/	( ( (80.591 - 33.56)	+	(79.313 - 30.25) )	/ 2 )
	=	5.348	/	( (47.031	+	49.063)	/ 2 )
	=	5.348	/	48.047
	=	11.13 %

MS International's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	16.672	/	( ( (79.313 - 30.25)	+	(128.409 - 58.491) )	/ 2 )
	=	16.672	/	( ( 49.063	+	69.918 )	/ 2 )
	=	16.672	/	59.4905
	=	28.02 %

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

MS International (LSE:MSI) 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.

MS International ROCE % Related Terms

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MS International (LSE:MSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » MS International PLC (LSE:MSI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MSI.GB:UK 6QK:Germany

Address

Balby Carr Bank, Doncaster, GBR, DN4 8DH

Website

https://www.msiplc.com

MS International PLC is engaged in the design and manufacturing of specialist engineering products and the provision of related services. The company's operating segment include Defence; Forgings; Petrol Station Superstructures and Corporate Branding. Defence segment designs, manufactures, and services defence equipment. The Petrol Station Branding division is engaged in the design and installation of the complete appearance of petrol stations. It generates maximum revenue from the Defence segment. Geographically, it derives most of the revenue from Europe and has a presence in the United Kingdom, the Americas, and the Rest of the World.