MIND Technology (FRA:MI70) ROCE % : -26.46% (As of Oct. 2023)

View and export this data going back to . Start your Free Trial

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 -26.46%.

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.

* Premium members only.

MIND Technology ROCE % Chart

MIND Technology Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

Get a 7-Day Free Trial

-21.74

-10.43

-27.26

-47.71

-28.33

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															-45.24	-18.90	4.80	-26.71	-26.46

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 )
	=	-7.066	/	( ( (37.146 - 9.458)	+	(30.492 - 8.288) )	/ 2 )
	=	-7.066	/	( (27.688	+	22.204)	/ 2 )
	=	-7.066	/	24.946
	=	-28.33 %

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 )
	=	-5.408	/	( ( (30.939 - 10.834)	+	(28.254 - 7.488) )	/ 2 )
	=	-5.408	/	( ( 20.105	+	20.766 )	/ 2 )
	=	-5.408	/	20.4355
	=	-26.46 %

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

MIND Technology (FRA:MI70) 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

Thank you for viewing the detailed overview of MIND Technology's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

MIND Technology (FRA:MI70) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIND Technology Inc (FRA:MI70) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MINDP.PFD:USA MIND: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.

MIND Technology (FRA:MI70) Headlines

No Headlines