mic AG (STU:M3BK) ROCE % : 4.26% (As of Jun. 2023)

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What is mic AG 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. mic AG's annualized ROCE % for the quarter that ended in Jun. 2023 was 4.26%.

mic AG ROCE % Historical Data

The historical data trend for mic AG'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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mic AG ROCE % Chart

mic AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-61.32

-21.81

-6.56

-10.01

mic AG Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-13.64	-0.90	21.03	-40.09	4.26

mic AG ROCE % Calculation

mic AG'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 )
	=	-5.55	/	( ( (59.421 - 2.161)	+	(87.615 - 34.038) )	/ 2 )
	=	-5.55	/	( (57.26	+	53.577)	/ 2 )
	=	-5.55	/	55.4185
	=	-10.01 %

mic AG'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 )
	=	2.57	/	( ( (87.615 - 34.038)	+	(81.366 - 14.383) )	/ 2 )
	=	2.57	/	( ( 53.577	+	66.983 )	/ 2 )
	=	2.57	/	60.28
	=	4.26 %

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

mic AG (STU:M3BK) 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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mic AG (STU:M3BK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » mic AG (STU:M3BK) » Definitions » ROCE %

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Traded in Other Exchanges

M3BK:Germany M3BK:Germany

Address

Denisstrabe 1b, Munich, DEU, 80335

Website

http://www.mic-ag.eu

mic AG is an investment company. It invests in young technology companies in the field of fiber optics, clean tech, software, microsystems and IT among others. The portfolio comprises of Aifotec AG, 3-Edge Gmbh, and FiSec Gmbh and among others. Its portfolio comprises of u-GPS Optics GmbH, a developer of a technology for three-dimensional (3D) optical measurements, Flores Solar Water GmbH, which develops a low-cost water treatment plant that uses solar thermal energy.

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