Mag Mile Capital (Mag Mile Capital) ROCE % : -255.60% (As of Dec. 2023)

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What is Mag Mile Capital 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. Mag Mile Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -255.60%.

Mag Mile Capital ROCE % Historical Data

The historical data trend for Mag Mile Capital'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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Mag Mile Capital ROCE % Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

ROCE %

-1,203.10

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23
ROCE %	Get a 7-Day Free Trial					-	-	-1,645.65	-	-255.60

Mag Mile Capital ROCE % Calculation

Mag Mile Capital'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: Jul. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jul. 2022 )		(A: Dec. 2023 )
	=	-3.104	/	( ( (0 - 0.038)	+	(0.784 - 0.23) )	/ 2 )
	=	-3.104	/	( (-0.038	+	0.554)	/ 2 )
	=	-3.104	/	0.258
	=	-1,203.10 %

Mag Mile Capital'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: Jul. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jul. 2023 )		(Q: Dec. 2023 )
	=	-1.416	/	( ( (1.259 - 0.384)	+	(0.784 - 0.23) )	/ 2 )
	=	-1.416	/	( ( 0.875	+	0.554 )	/ 2 )
	=	-1.416	/	0.7145
	=	-198.18 %

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

Mag Mile Capital (OTCPK:MMCP) 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.

Mag Mile Capital ROCE % Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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