Methes Energies International (Methes Energies International) ROCE % : -2.77% (As of Aug. 2023)

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What is Methes Energies International 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. Methes Energies International's annualized ROCE % for the quarter that ended in Aug. 2023 was -2.77%.

Methes Energies International ROCE % Historical Data

The historical data trend for Methes Energies International'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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Methes Energies International ROCE % Chart

Methes Energies International Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

ROCE %

-52.87

-21.52

-67.08

-121.38

-123.77

Methes Energies International Quarterly Data
	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	May22	Aug22	May23	Aug23
ROCE %	Get a 7-Day Free Trial															-36.29	-	-	-	-2.77

Methes Energies International ROCE % Calculation

Methes Energies International's annualized ROCE % for the fiscal year that ended in Nov. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2014 )		(A: Nov. 2013 )		(A: Nov. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2014 )		(A: Nov. 2013 )		(A: Nov. 2014 )
	=	-5.814	/	( ( (10.866 - 8.219)	+	(9.003 - 2.255) )	/ 2 )
	=	-5.814	/	( (2.647	+	6.748)	/ 2 )
	=	-5.814	/	4.6975
	=	-123.77 %

Methes Energies International's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: May. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: May. 2023 )		(Q: Aug. 2023 )
	=	-0.192	/	( ( (7.079 - 0.14)	+	(7.078 - 0.138) )	/ 2 )
	=	-0.192	/	( ( 6.939	+	6.94 )	/ 2 )
	=	-0.192	/	6.9395
	=	-2.77 %

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

Methes Energies International (OTCPK:MEIL) 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.

Methes Energies International ROCE % Related Terms

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Methes Energies International (Methes Energies International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Methes Energies International Ltd (OTCPK:MEIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

304 S. Jones Boulevard, Suite 8062, Las Vegas, NV, USA, 89107

Website

http://www.methes.com

Methes Energies International Ltd has no operations.

Executives

Johann Loewen	officer: VP of Operations	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Anthony T Williams	director	4111 MINT WAY, DALLAS TX 75237
Kebir Ratnani	director	455 BOULEVARD RENE-LEVESQUE WEST, MONTREAL A8 H2Z 1Z3
Edward A Stoltenberg	officer: CFO	C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Michel G Laporte	director, 10 percent owner, officer: Chairman and CEO	PARQUE EMP. FORUM, TORRE G, PISO 1, REGUS CENTER, SANTA ANA G2 126-6155
Steven Anthony	officer: VP of Sales and Marketing	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Keith Grafton	officer: Plant Manager (Sombra)	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
John Pappain	director	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Afrin Shams	officer: Chief Accounting Officer	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Perichiyappan Senthilnathan	director	C/O METHES ENERGIES INTERNATIONAL LTD., 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Han Swoong Ng	officer: President	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Michael Hallman	officer: VP of Project Management	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103

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