The Mauritius Development Investment Trust Co (XMAU:MDIT) ROCE % : 18.86% (As of Mar. 2024)

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What is The Mauritius Development Investment Trust Co 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. The Mauritius Development Investment Trust Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.86%.

The Mauritius Development Investment Trust Co ROCE % Historical Data

The historical data trend for The Mauritius Development Investment Trust Co'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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The Mauritius Development Investment Trust Co ROCE % Chart

The Mauritius Development Investment Trust Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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9.98

-24.34

21.63

10.86

-10.91

The Mauritius Development Investment Trust Co 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															-15.48	3.16	35.83	-15.48	18.86

The Mauritius Development Investment Trust Co ROCE % Calculation

The Mauritius Development Investment Trust Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-150.836	/	( ( (1612.881 - 138.014)	+	(1402.346 - 111.234) )	/ 2 )
	=	-150.836	/	( (1474.867	+	1291.112)	/ 2 )
	=	-150.836	/	1382.9895
	=	-10.91 %

The Mauritius Development Investment Trust Co'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 )
	=	261.976	/	( ( (1473.636 - 116.587)	+	(1540.91 - 119.28) )	/ 2 )
	=	261.976	/	( ( 1357.049	+	1421.63 )	/ 2 )
	=	261.976	/	1389.3395
	=	18.86 %

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

The Mauritius Development Investment Trust Co (XMAU:MDIT) 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.

The Mauritius Development Investment Trust Co ROCE % Related Terms

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The Mauritius Development Investment Trust Co (XMAU:MDIT) Business Description

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Address

206 The Catalyst, 40 Silicon Avenue, Ebene, MUS, 72201

Website

https://www.website.mdit.mu

The Mauritius Development Investment Trust Co Ltd is an investment trust and a closed-end fund. Its investment objective is to secure for investors the benefits of a good dividend yield as well as long-term capital growth. The company is organized into one main operating segment, which invests in quoted and unquoted securities both on the local and overseas market. The company operates in Mauritius, Europe, United Kingdom, United States, Asia and South Africa, out of which it derives maximum revenue from Mauritius.

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