ME Group International (ME Group International) ROCE % : 35.95% (As of Oct. 2023)

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What is ME Group 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. ME Group International's annualized ROCE % for the quarter that ended in Oct. 2023 was 35.95%.

ME Group International ROCE % Historical Data

The historical data trend for ME Group 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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ME Group International ROCE % Chart

ME Group International Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Oct21

Oct22

Oct23

ROCE %

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32.16

21.23

15.76

23.74

31.51

ME Group International Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															19.15	20.43	30.16	26.24	35.95

ME Group International ROCE % Calculation

ME Group International's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	84.636	/	( ( (370.052 - 113.016)	+	(405.021 - 124.797) )	/ 2 )
	=	84.636	/	( (257.036	+	280.224)	/ 2 )
	=	84.636	/	268.63
	=	31.51 %

ME Group 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 )
	=	100.49	/	( ( (394.125 - 115.25)	+	(405.021 - 124.797) )	/ 2 )
	=	100.49	/	( ( 278.875	+	280.224 )	/ 2 )
	=	100.49	/	279.5495
	=	35.95 %

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

ME Group International (OTCPK:POMOF) 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.

ME Group International ROCE % Related Terms

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ME Group International (ME Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (OTCPK:POMOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MEGPl:UK PHTM.GB:UK MEGP:UK PHQ:Germany

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

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