MDJM (MDJH) ROCE % : -27.19% (As of Dec. 2023)

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What is MDJM 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. MDJM's annualized ROCE % for the quarter that ended in Dec. 2023 was -27.19%.

MDJM ROCE % Historical Data

The historical data trend for MDJM'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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MDJM ROCE % Chart

MDJM Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.24

2.67

-27.85

-32.64

-30.07

MDJM Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										-49.46	-39.88	-26.10	-34.46	-27.19

MDJM ROCE % Calculation

MDJM'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 )
	=	-1.324	/	( ( (5.635 - 0.706)	+	(3.999 - 0.122) )	/ 2 )
	=	-1.324	/	( (4.929	+	3.877)	/ 2 )
	=	-1.324	/	4.403
	=	-30.07 %

MDJM'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 )
	=	-1.088	/	( ( (4.287 - 0.162)	+	(3.999 - 0.122) )	/ 2 )
	=	-1.088	/	( ( 4.125	+	3.877 )	/ 2 )
	=	-1.088	/	4.001
	=	-27.19 %

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

MDJM (NAS:MDJH) 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.

MDJM ROCE % Related Terms

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MDJM (MDJH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » MDJM Ltd (NAS:MDJH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fernie Castle, Letham, Cupar, Fife, GBR, KY15 7RU

Website

http://ir.mdjmjh.com

MDJM Ltd is a real estate service company. The company provides real estate agency services to real estate developer clients, also real estate consulting services and independent training services on an as-needed basis. It offers consulting, marketing planning, advertising services, and sales strategies to real estate clients. The company income is derived from commission-based services and minimal consulting and other services. The company has two operating segments; the real estate agent services segment and the hospitality business segment. It derives a majority of its revenue from the People's Republic of China.