Millennium Services Group (ASX:MIL) ROCE % : 67.27% (As of Dec. 2023)

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What is Millennium Services Group 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. Millennium Services Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 67.27%.

Millennium Services Group ROCE % Historical Data

The historical data trend for Millennium Services Group'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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Millennium Services Group ROCE % Chart

Millennium Services Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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83.34

46.04

Millennium Services Group 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										178.37	0.10	-2.04	86.08	67.27

Millennium Services Group ROCE % Calculation

Millennium Services Group'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 )
	=	2.654	/	( ( (47.369 - 43.071)	+	(50.597 - 43.365) )	/ 2 )
	=	2.654	/	( (4.298	+	7.232)	/ 2 )
	=	2.654	/	5.765
	=	46.04 %

Millennium Services Group'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 )
	=	5.328	/	( ( (50.597 - 43.365)	+	(67.704 - 59.095) )	/ 2 )
	=	5.328	/	( ( 7.232	+	8.609 )	/ 2 )
	=	5.328	/	7.9205
	=	67.27 %

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

Millennium Services Group (ASX:MIL) 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.

Millennium Services Group ROCE % Related Terms

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Millennium Services Group (ASX:MIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Millennium Services Group Ltd (ASX:MIL) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

631 Springvale Road, Level 3, Mulgrave, VIC, AUS, 3170

Website

https://www.millenniumsg.com

Millennium Services Group Ltd provides cleaning, security, maintenance and integrated services. The company offers services to the retail shopping centre, commercial property, and commonwealth and state government sectors. The company segments include Cleaning and Security. The company generates maximum revenue from the Cleaning segment.

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