MIND Technology (MIND Technology) ROCE % : -25.86% (As of Oct. 2023)

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What is MIND Technology 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. MIND Technology's annualized ROCE % for the quarter that ended in Oct. 2023 was -25.86%.

MIND Technology ROCE % Historical Data

The historical data trend for MIND Technology'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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MIND Technology ROCE % Chart

MIND Technology Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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-21.00

-10.27

-28.88

-45.99

-27.56

MIND Technology Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-44.47	-19.78	4.83	-26.84	-25.86

MIND Technology ROCE % Calculation

MIND Technology's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-7.614	/	( ( (42.02 - 10.699)	+	(32.858 - 8.931) )	/ 2 )
	=	-7.614	/	( (31.321	+	23.927)	/ 2 )
	=	-7.614	/	27.624
	=	-27.56 %

MIND Technology's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-5.712	/	( ( (34.225 - 11.985)	+	(29.835 - 7.907) )	/ 2 )
	=	-5.712	/	( ( 22.24	+	21.928 )	/ 2 )
	=	-5.712	/	22.084
	=	-25.86 %

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

MIND Technology (NAS:MIND) 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.

MIND Technology ROCE % Related Terms

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MIND Technology (MIND Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIND Technology Inc (NAS:MIND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MINDP.PFD:USA

Address

2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380

Website

https://www.mind-technology.com

MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.

Executives

Peter H Blum	director	999 18TH STREET, STE 1700, DENVER CO 80202
Alan Perry Baden	director	2635 SUTTON COURT, HOUSTON TX 77027
Nancy Jean Harned	director	2704 CHESTER FOREST COURT, VIRGINIA BEACH VA 23452
Thomas S Glanville	director	2818 N SULLIVAN ROAD, SPOLANE WA 99216
Mark Alan Cox	officer: Principal Accounting Officer	1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Guy Malden	officer: Co-CEO and EVP	P O BOX 1175, HUNTSVILLE TX 77342
Marcus C Rowland	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Robert John Albers	director	2171 LOMA LINDA DRIVE, PAGOSA SPRINGS CO 81147
Robert P Capps	director, officer: Co-CEO and CFO
Dennis Patrick Morris	officer: Chief Operating Officer	7026 TEAL LOOP, GIG HARBOR WA 98335
William Hunter Hilarides	director	10710 OX CROFT CT., FAIRFAX STATION VA 22039
Midwood Capital Management Llc	10 percent owner	575 BOYLSON ST., 4TH FLOOR, BOSTON MA 02116
Paul Guy Rogers	officer: VP - Business Development
John F Schwalbe	director
R Dean Lewis	director