Micron Technology (FRA:MTE) ROCE % : 2.15% (As of Feb. 2024)

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What is Micron 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. Micron Technology's annualized ROCE % for the quarter that ended in Feb. 2024 was 2.15%.

Micron Technology ROCE % Historical Data

The historical data trend for Micron 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.

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Micron Technology ROCE % Chart

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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18.23

6.89

12.91

18.79

-8.59

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-13.89	-10.65	-8.84	-7.00	2.15

Micron Technology ROCE % Calculation

Micron Technology's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-4832.59	/	( ( (65421.321 - 7440.993)	+	(58920.918 - 4369.505) )	/ 2 )
	=	-4832.59	/	( (57980.328	+	54551.413)	/ 2 )
	=	-4832.59	/	56265.8705
	=	-8.59 %

Micron Technology's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	1164.312	/	( ( (58929.024 - 5508.888)	+	(60920.586 - 5802.093) )	/ 2 )
	=	1164.312	/	( ( 53420.136	+	55118.493 )	/ 2 )
	=	1164.312	/	54269.3145
	=	2.15 %

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

Micron Technology (FRA:MTE) 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.

Micron Technology ROCE % Related Terms

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Micron Technology (FRA:MTE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (FRA:MTE) » Definitions » ROCE %

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Address

8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632

Website

https://www.micron.com

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

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