Mabuhay Vinyl (PHS:MVC) ROCE % : 12.73% (As of Mar. 2024)

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What is Mabuhay Vinyl 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. Mabuhay Vinyl's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.73%.

Mabuhay Vinyl ROCE % Historical Data

The historical data trend for Mabuhay Vinyl'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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Mabuhay Vinyl ROCE % Chart

Mabuhay Vinyl Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.03

17.17

12.11

15.86

14.64

Mabuhay Vinyl Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.76	19.13	17.30	5.97	12.73

Mabuhay Vinyl ROCE % Calculation

Mabuhay Vinyl'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 )
	=	552.064	/	( ( (3955.807 - 388.004)	+	(4333.772 - 358.059) )	/ 2 )
	=	552.064	/	( (3567.803	+	3975.713)	/ 2 )
	=	552.064	/	3771.758
	=	14.64 %

Mabuhay Vinyl's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	511.596	/	( ( (4333.772 - 358.059)	+	(4549.851 - 486.644) )	/ 2 )
	=	511.596	/	( ( 3975.713	+	4063.207 )	/ 2 )
	=	511.596	/	4019.46
	=	12.73 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Mabuhay Vinyl (PHS:MVC) 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.

Mabuhay Vinyl ROCE % Related Terms

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Mabuhay Vinyl (PHS:MVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mabuhay Vinyl Corp (PHS:MVC) » Definitions » ROCE %

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N/A

Address

169 H.V. Dela Costa Street, 22nd Floor, The Salcedo Towers, Salcedo Village, Makati City, PHL, 1227

Website

https://www.mvc.com.ph

Mabuhay Vinyl Corp is a Philippines based Chlor-Alkali chemical producer. It focuses on manufacturing and distributing basic and intermediate chemicals. Some of its products are caustic soda, hydrochloric acid, sodium hypochlorite and chlorine which are widely used in diversified industries. The Group considers the manufacturing and distribution of basic and intermediate chemicals as its business activity and only operating segment.