MakeMyTrip (NASDAQ:MMYT) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]
MakeMyTrip Limited - Ordinary Shares (MMYT)
Last makemytrip limited - ordinary shares earnings: 2/11 06:25 am
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Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at MakeMyTrip NASDAQ:MMYT ) so let's look a bit deeper. What Is Return On Capital Employed (ROCE)? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on MakeMyTrip is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.058 = US$56m ÷ (US$1.5b - US$547m) (Based on the trailing twelve months to December 2023) Thus, MakeMyTrip has an ROCE of 5.8%. In absolute terms, that's a low return and it also under-performs the Hospitality industry averag
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MMYT
News
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- MakeMyTrip (MMYT) Stock Moves -0.52%: What You Should Know [Yahoo! Finance]Yahoo! Finance
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- MakeMyTrip Goes Global: Expands Reach from 3 Countries to 150 [Yahoo! Finance]Yahoo! Finance
MMYT
Earnings
- 1/24/24 - Beat
MMYT
Sec Filings
- 3/1/24 - Form 144
- 2/16/24 - Form 144
- 2/16/24 - Form 144
- MMYT's page on the SEC website