Microsaic Systems (LSE:MSYS) ROCE % : -99.74% (As of Jun. 2023)

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What is Microsaic Systems 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. Microsaic Systems's annualized ROCE % for the quarter that ended in Jun. 2023 was -99.74%.

Microsaic Systems ROCE % Historical Data

The historical data trend for Microsaic Systems'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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Microsaic Systems ROCE % Chart

Microsaic Systems Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-57.80

-59.90

-98.62

-111.27

-66.82

Microsaic Systems Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-121.76	-50.06	-36.26	-95.47	-99.74

Microsaic Systems ROCE % Calculation

Microsaic Systems's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-2.528	/	( ( (5.155 - 0.426)	+	(3.127 - 0.289) )	/ 2 )
	=	-2.528	/	( (4.729	+	2.838)	/ 2 )
	=	-2.528	/	3.7835
	=	-66.82 %

Microsaic Systems's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-2.318	/	( ( (3.127 - 0.289)	+	(2.047 - 0.237) )	/ 2 )
	=	-2.318	/	( ( 2.838	+	1.81 )	/ 2 )
	=	-2.318	/	2.324
	=	-99.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Microsaic Systems (LSE:MSYS) 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.

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Microsaic Systems (LSE:MSYS) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microsaic Systems PLC (LSE:MSYS) » Definitions » ROCE %

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Address

Boundary Road, GMS House, Woking, Surrey, GBR, GU21 5BX

Website

https://www.microsaic.com

Microsaic Systems PLC is a technology company. It is involved in the commercialization and development of miniaturized micro-engineering equipment, originally for mass spectrometry instruments but now to include integration of AI and Internet of Things analytical sensors for existing and new clients to generate recurring shared revenues for monitoring across biologic bio-processing, environmental and human health and likely to extend to aviation, the food industry and oil & gas sectors. The company has one business segment, being the research, development and commercialization of scientific instruments. It derives revenue from sales of products, consumables and services and support income.

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