Mirada (LSE:MIRA) ROCE % : -16.09% (As of Sep. 2022)

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What is Mirada 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. Mirada's annualized ROCE % for the quarter that ended in Sep. 2022 was -16.09%.

Mirada ROCE % Historical Data

The historical data trend for Mirada'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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Mirada ROCE % Chart

Mirada Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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-53.44

-32.48

3.73

-20.81

-20.74

Mirada Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
ROCE %	Get a 7-Day Free Trial															-20.29	-19.69	-16.66	-24.70	-16.09

Mirada ROCE % Calculation

Mirada's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-2.005	/	( ( (13.434 - 3.741)	+	(13.585 - 3.941) )	/ 2 )
	=	-2.005	/	( (9.693	+	9.644)	/ 2 )
	=	-2.005	/	9.6685
	=	-20.74 %

Mirada's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	-1.448	/	( ( (13.585 - 3.941)	+	(14.531 - 6.18) )	/ 2 )
	=	-1.448	/	( ( 9.644	+	8.351 )	/ 2 )
	=	-1.448	/	8.9975
	=	-16.09 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2022) EBIT data.

Mirada (LSE:MIRA) 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.

Mirada ROCE % Related Terms

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Mirada (LSE:MIRA) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mirada PLC (LSE:MIRA) » Definitions » ROCE %

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Address

St Nicholas Way, 3rd Floor Chancery House, Sutton, Surrey, GBR, SM1 1JB

Website

https://www.mirada.tv

Mirada PLC provides cutting-edge digital TV technology, committed to future-proofing the platforms of operators and broadcasters worldwide. The company operates in two segments including Digital TV and Broadcast and Mobile. It develops digital TV software projects for multiple TV operators and broadcasters. The company's products include Iris OTT Platform, Iris Inspire UI, Iris SDP, Iris CMS, and others.