Manolete Partners (FRA:2BE) ROCE % : 5.09% (As of Sep. 2023)

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What is Manolete Partners 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. Manolete Partners's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.09%.

Manolete Partners ROCE % Historical Data

The historical data trend for Manolete Partners'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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Manolete Partners ROCE % Chart

Manolete Partners Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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27.89

27.09

15.37

8.09

-5.99

Manolete Partners Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial										9.41	6.45	-17.79	5.93	5.09

Manolete Partners ROCE % Calculation

Manolete Partners's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-4.195	/	( ( (81.879 - 6.269)	+	(70.819 - 6.283) )	/ 2 )
	=	-4.195	/	( (75.61	+	64.536)	/ 2 )
	=	-4.195	/	70.073
	=	-5.99 %

Manolete Partners's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	3.404	/	( ( (70.819 - 6.283)	+	(75.722 - 6.402) )	/ 2 )
	=	3.404	/	( ( 64.536	+	69.32 )	/ 2 )
	=	3.404	/	66.928
	=	5.09 %

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

Manolete Partners (FRA:2BE) 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.

Manolete Partners ROCE % Related Terms

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Manolete Partners (FRA:2BE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Manolete Partners PLC (FRA:2BE) » Definitions » ROCE %

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MANO:UK

Address

21 Gloucester Place, London, GBR, W1U 8HR

Website

https://www.manolete-partners.com

Manolete Partners PLC is a United Kingdom-based company. The principal activity of the company is the acquisition and funding of insolvency litigation.

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