Marley Spoon SE (ASX:MMM) ROCE % : -64.20% (As of Dec. 2023)

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What is Marley Spoon SE 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. Marley Spoon SE's annualized ROCE % for the quarter that ended in Dec. 2023 was -64.20%.

Marley Spoon SE ROCE % Historical Data

The historical data trend for Marley Spoon SE'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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Marley Spoon SE ROCE % Chart

Marley Spoon SE Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-668.38

-339.64

-96.67

-60.65

-71.42

Marley Spoon SE Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-88.09	-80.25	-30.37	-64.90	-64.20

Marley Spoon SE ROCE % Calculation

Marley Spoon SE'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 )
	=	-56.539	/	( ( (175.6 - 99.19)	+	(176.843 - 94.933) )	/ 2 )
	=	-56.539	/	( (76.41	+	81.91)	/ 2 )
	=	-56.539	/	79.16
	=	-71.42 %

Marley Spoon SE'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 )
	=	-56.864	/	( ( (195.495 - 100.261)	+	(176.843 - 94.933) )	/ 2 )
	=	-56.864	/	( ( 95.234	+	81.91 )	/ 2 )
	=	-56.864	/	88.572
	=	-64.20 %

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

Marley Spoon SE (ASX:MMM) 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.

Marley Spoon SE ROCE % Related Terms

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Marley Spoon SE (ASX:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Marley Spoon SE (ASX:MMM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7M6A:Germany

Address

Paul-Lincke-Ufer 39/40, Berlin, DEU, 10999

Website

https://www.marleyspoon.de

Marley Spoon SE is a German-based company is engaged in the food business. It prepares recipes for various country cuisines for vegetarians, meat lovers, and friends of fish dishes. The company uses paper-based packaging tapes, reusable cooling pads and regenerative sheep wool as an insulating material. It provides meal kit solutions on a weekly basis to customers across countries. The company's geographical segments are the USA, Australia and Europe. It derives a majority of revenue from the USA.