MarineMax (FRA:MLW) ROCE % : 5.41% (As of Mar. 2024)

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What is MarineMax 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. MarineMax's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.41%.

MarineMax ROCE % Historical Data

The historical data trend for MarineMax'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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MarineMax ROCE % Chart

MarineMax Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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17.15

23.72

33.28

33.64

15.52

MarineMax Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.82	19.31	8.82	4.76	5.41

MarineMax ROCE % Calculation

MarineMax's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	188.151	/	( ( (1366.299 - 416.9)	+	(2268.763 - 793.685) )	/ 2 )
	=	188.151	/	( (949.399	+	1475.078)	/ 2 )
	=	188.151	/	1212.2385
	=	15.52 %

MarineMax's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	78.756	/	( ( (2316.807 - 861.986)	+	(2420.51 - 961.959) )	/ 2 )
	=	78.756	/	( ( 1454.821	+	1458.551 )	/ 2 )
	=	78.756	/	1456.686
	=	5.41 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

MarineMax (FRA:MLW) 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.

MarineMax ROCE % Related Terms

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MarineMax (FRA:MLW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MarineMax Inc (FRA:MLW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HZO:USA MLW:Germany

Address

2600 McCormick Drive, Suite 200, Clearwater, FL, USA, 33759

Website

https://www.marinemax.com

MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S.

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