Miba AG (LTS:0F98) ROCE % : 15.76% (As of Jul. 2015)

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What is Miba 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. Miba AG's annualized ROCE % for the quarter that ended in Jul. 2015 was 15.76%.

Miba AG ROCE % Historical Data

The historical data trend for Miba 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.

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Miba AG ROCE % Chart

Miba AG Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

ROCE %

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18.09

18.25

15.10

14.81

15.92

Miba AG Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
ROCE %	Get a 7-Day Free Trial															17.18	15.13	15.60	15.04	15.76

Miba AG ROCE % Calculation

Miba AG's annualized ROCE % for the fiscal year that ended in Jan. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2015 )		(A: Jan. 2014 )		(A: Jan. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2015 )		(A: Jan. 2014 )		(A: Jan. 2015 )
	=	85.488	/	( ( (640.091 - 144.556)	+	(741.867 - 163.316) )	/ 2 )
	=	85.488	/	( (495.535	+	578.551)	/ 2 )
	=	85.488	/	537.043
	=	15.92 %

Miba AG's ROCE % of for the quarter that ended in Jul. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2015 )		(Q: Apr. 2015 )		(Q: Jul. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2015 )		(Q: Apr. 2015 )		(Q: Jul. 2015 )
	=	94.3	/	( ( (771.777 - 178.189)	+	(789.66 - 186.716) )	/ 2 )
	=	94.3	/	( ( 593.588	+	602.944 )	/ 2 )
	=	94.3	/	598.266
	=	15.76 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2015) EBIT data.

Miba AG (LTS:0F98) 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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Miba AG (LTS:0F98) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Miba AG (LTS:0F98) » Definitions » ROCE %

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Address

Website

http://www.miba.com

Miba AG along with its subsidiaries manufactures & develops components for engines & automotive industries. It offers sintered components, engine bearings, friction materials, power electronics components and coatings.

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