Mauritius Secondary Industries (XMAU:MSIL.I0000) ROCE % : 1.22% (As of Dec. 2023)

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What is Mauritius Secondary Industries 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. Mauritius Secondary Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.22%.

Mauritius Secondary Industries ROCE % Historical Data

The historical data trend for Mauritius Secondary Industries'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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Mauritius Secondary Industries ROCE % Chart

Mauritius Secondary Industries Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

5.81

5.69

4.67

5.20

Mauritius Secondary Industries Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										3.21	5.46	4.14	9.84	1.22

Mauritius Secondary Industries ROCE % Calculation

Mauritius Secondary Industries's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	4.348	/	( ( (85.123 - 3.255)	+	(89.115 - 3.807) )	/ 2 )
	=	4.348	/	( (81.868	+	85.308)	/ 2 )
	=	4.348	/	83.588
	=	5.20 %

Mauritius Secondary Industries'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1.068	/	( ( (90.927 - 3.333)	+	(90.782 - 3.247) )	/ 2 )
	=	1.068	/	( ( 87.594	+	87.535 )	/ 2 )
	=	1.068	/	87.5645
	=	1.22 %

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

Mauritius Secondary Industries (XMAU:MSIL.I0000) 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.

Mauritius Secondary Industries ROCE % Related Terms

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Mauritius Secondary Industries (XMAU:MSIL.I0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mauritius Secondary Industries Ltd (XMAU:MSIL.I0000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/O United Bus Service Ltd., Les Cassis, Port Louis, MUS

Website

https://www.accgroup.mu/msi

Mauritius Secondary Industries Ltd is engaged in the retreading of motor vehichle tyres and rental of commercial building. The Company is only engaged in property rental activity locally.

Mauritius Secondary Industries (XMAU:MSIL.I0000) Headlines

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