Mitek Systems (FRA:MKQ) ROCE % : -5.80% (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Mitek 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. Mitek Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.80%.

Mitek Systems ROCE % Historical Data

The historical data trend for Mitek 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.

* Premium members only.

Mitek Systems ROCE % Chart

Mitek Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

Get a 7-Day Free Trial

-3.68

7.00

5.31

3.72

5.59

Mitek Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.22	10.39	3.00	-1.31	-5.80

Mitek Systems ROCE % Calculation

Mitek Systems's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	18.182	/	( ( (368.124 - 48.943)	+	(379.836 - 48.253) )	/ 2 )
	=	18.182	/	( (319.181	+	331.583)	/ 2 )
	=	18.182	/	325.382
	=	5.59 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-19.344	/	( ( (379.836 - 48.253)	+	(371.743 - 36.313) )	/ 2 )
	=	-19.344	/	( ( 331.583	+	335.43 )	/ 2 )
	=	-19.344	/	333.5065
	=	-5.80 %

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

Mitek Systems (FRA:MKQ) 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.

Mitek Systems ROCE % Related Terms

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

Mitek Systems (FRA:MKQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mitek Systems Inc (FRA:MKQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MITK:USA

Address

600 B Street, Suite 100, San Diego, CA, USA, 92101

Website

https://www.miteksystems.com

Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It is serving more than 7,800 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.

Mitek Systems (FRA:MKQ) Headlines

No Headlines