Microlise Group (LSE:SAAS) ROCE % : 0.98% (As of Jun. 2024)

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What is Microlise Group 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. Microlise Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.98%.

Microlise Group ROCE % Historical Data

The historical data trend for Microlise Group'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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Microlise Group ROCE % Chart

Microlise Group Annual Data

Trend

Jun19

Jun20

Jun21

Dec22

Dec23

ROCE %

1.54

3.10

1.87

2.93

Microlise Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial				3.41	0.36	3.47	2.37	0.98

Microlise Group ROCE % Calculation

Microlise Group'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 )
	=	2.84	/	( ( (126.136 - 30.004)	+	(131.179 - 33.537) )	/ 2 )
	=	2.84	/	( (96.132	+	97.642)	/ 2 )
	=	2.84	/	96.887
	=	2.93 %

Microlise Group'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 )
	=	0.954	/	( ( (131.179 - 33.537)	+	(133.09 - 36.184) )	/ 2 )
	=	0.954	/	( ( 97.642	+	96.906 )	/ 2 )
	=	0.954	/	97.274
	=	0.98 %

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

Microlise Group (LSE:SAAS) 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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Microlise Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Microlise Group PLC (LSE:SAAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Farrington Way, Eastwood, Nottingham, GBR, NG16 3AG

Website

https://www.microlise.com

Microlise Group PLC is a provider of transportation management solutions to enterprise customers. It supports organizations to run their business more sustainably, cost-effectively, compliantly, and efficiently with telematics, real-time journey management, planning, and proof of delivery solutions. It delivers integrated location, performance, utilization, safety, and compliance information through award-winning solutions.