Mycronic AB (Mycronic AB) ROCE % : 38.06% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Mycronic AB 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. Mycronic AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 38.06%.

Mycronic AB ROCE % Historical Data

The historical data trend for Mycronic AB'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.

Mycronic AB ROCE % Chart

Mycronic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

36.16

25.84

24.12

17.21

23.08

Mycronic AB 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															12.25	11.56	19.68	51.31	38.06

Mycronic AB ROCE % Calculation

Mycronic AB's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	124.298	/	( ( (707.265 - 198.69)	+	(813.056 - 244.404) )	/ 2 )
	=	124.298	/	( (508.575	+	568.652)	/ 2 )
	=	124.298	/	538.6135
	=	23.08 %

Mycronic AB'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 )
	=	224.372	/	( ( (813.056 - 244.404)	+	(867.711 - 257.221) )	/ 2 )
	=	224.372	/	( ( 568.652	+	610.49 )	/ 2 )
	=	224.372	/	589.571
	=	38.06 %

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

Mycronic AB (OTCPK:MICLF) 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.

Mycronic AB ROCE % Related Terms

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

Mycronic AB (Mycronic AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mycronic AB (OTCPK:MICLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MYCR:Sweden 0MQG:UK MLT:Germany

Address

Nytorpsvagen 9, P.O. Box 3141, Taby, Stockholm, SWE, 183 03

Website

https://www.mycronic.com

Mycronic AB develops solutions for advanced electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, and markets mask writers and measuring machines for the production of advanced photomasks for displays; The High Flex division develops, manufactures, and markets surface mount technology (SMT) and inspection equipment, focusing on markets for flexible manufacture, primarily in Europe and the USA; The High Volume division develops, manufactures and markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes advanced production solutions with high levels of differentiation.