Ming Le Sports AG (FRA:ML2) ROCE % : -14.97% (As of Jun. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Ming Le Sports 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. Ming Le Sports AG's annualized ROCE % for the quarter that ended in Jun. 2024 was -14.97%.

Ming Le Sports AG ROCE % Historical Data

The historical data trend for Ming Le Sports 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.

* Premium members only.

Ming Le Sports AG ROCE % Chart

Ming Le Sports AG Annual Data

Trend

Dec11

Dec12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-1.88

9.26

-10.50

-35.67

8.60

Ming Le Sports AG Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial														6.55	-77.82	-11.57	28.82	-14.97

Ming Le Sports AG ROCE % Calculation

Ming Le Sports AG's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	0.121	/	( ( (1.354 - 0.001)	+	(1.467 - 0.007) )	/ 2 )
	=	0.121	/	( (1.353	+	1.46)	/ 2 )
	=	0.121	/	1.4065
	=	8.60 %

Ming Le Sports AG's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-0.21	/	( ( (1.467 - 0.007)	+	(1.347 - 0.001) )	/ 2 )
	=	-0.21	/	( ( 1.46	+	1.346 )	/ 2 )
	=	-0.21	/	1.403
	=	-14.97 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Ming Le Sports AG (FRA:ML2) 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.

Ming Le Sports AG ROCE % Related Terms

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

Ming Le Sports AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ming Le Sports AG (FRA:ML2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ziegelhauser Landstrasse 1, Heidelberg, DEU, 69120

Website

http://www.minglesports.de

Ming Le Sports AG sells footwear, apparel, accessories and equipment to retail stores in China.

Ming Le Sports AG Headlines

No Headlines