Madison Technologies (Madison Technologies) ROCE % : 0.00% (As of Jun. 2023)

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What is Madison Technologies 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. Madison Technologies's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Madison Technologies ROCE % Historical Data

The historical data trend for Madison Technologies'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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Madison Technologies ROCE % Chart

Madison Technologies Annual Data

Trend

Dec13

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Dec22

ROCE %

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Madison Technologies Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-40.06	-25.05	-	-	-

Madison Technologies ROCE % Calculation

Madison Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.516	/	( ( (16.766 - 20.44)	+	(11.739 - 28.472) )	/ 2 )
	=	-3.516	/	( (-3.674	+	-16.733)	/ 2 )
	=	-3.516	/	-10.2035
	=	34.46 %

Madison Technologies's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	0	/	( ( (0.001 - 27.502)	+	(0 - 28.581) )	/ 2 )
	=	0	/	( ( -27.501	+	-28.581 )	/ 2 )
	=	0	/	-28.041
	=	0 %

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

Madison Technologies (OTCPK:MDEX) 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.

Madison Technologies ROCE % Related Terms

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Madison Technologies (Madison Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Madison Technologies Inc (OTCPK:MDEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

450 Park Avenue, 30th Floor, New York, NY, USA, 10022

Website

http://www.madisontech.io

Madison Technologies Inc is engaged in the Over-The-Air (OTA) content distribution platform to capitalize on the changing media and distribution landscape and on the growing OTA viewership in the U.S. The over-the-air programming carried on is expected to include entertainment, shopping, weather, sports, as well as religious networks and networks targeting select ethnic groups with content lease agreements as the prime source of revenue. It generates sales from its television stations.

Executives

Thomas James Brady	director, 10 percent owner, officer: CEO, CFO, Secretary Treasurer	750 WEST PENDER STREET, SUITE 202, VANCOUVER A1 V6C 2T7
Frank Mcenulty	director	4182 N. VIKING WAY, SUITE 216, LONG BEACH CA 90808-1475
Steven Cozine	director, 10 percent owner, officer: Secy/Treas	1460 BARCLAY ST. #701, NORTH VANCOUVER A1 V6G 1J5
Joseph Gallo	director, 10 percent owner, officer: President	4445 PATTERDALE DRIVE, NORTH VANCOUVER A1 V7R 4L8
Joel Haskins	director, 10 percent owner, officer: Treasurer	525 SEYMOUR STREET, SUITE 807, VANCOUVER A1 V6B 3H7
Kevin Michael Stunder	director, 10 percent owner, officer: President	525 SEYMOUR STREET, SUITE 807, VANCOUVER A1 V6B 3H7