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0 0.00168309689829283 -0.000721327242125538 -0.00197162779514305 0.000336619379658539 0.00187545082952626 0.00274104352007691 0.00327001683096902
Stock impact report

Returns On Capital Are Showing Encouraging Signs At MakeMyTrip (NASDAQ:MMYT) [Yahoo! Finance]

MakeMyTrip Limited - Ordinary Shares (MMYT) 
Last makemytrip limited - ordinary shares earnings: 2/11 06:25 am Check Earnings Report
US:NASDAQ Investor Relations: investors.makemytrip.com
Company Research Source: Yahoo! Finance
return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at MakeMyTrip NASDAQ:MMYT ) and its trend of ROCE, we really liked what we saw. Return On Capital Employed (ROCE): What Is It? 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. Analysts use this formula to calculate it for MakeMyTrip: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.054 = US$75m ÷ (US$1.7b - US$338m) (Based on the trailing twelve months to June 2024) So, MakeMyTrip has an ROCE of 5.4%. Ultimately, that's a low return and it under-performs the Hospitality industry average of 10%. In the above chart we have measured MakeMyTrip's prior ROCE against its prior performance, Show less Read more
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