Mersen (LTS:0Q6Q) ROCE % : 10.25% (As of Jun. 2024)

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What is Mersen 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. Mersen's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.25%.

Mersen ROCE % Historical Data

The historical data trend for Mersen'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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Mersen ROCE % Chart

Mersen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.46

1.58

8.96

10.12

10.99

Mersen Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															10.45	9.67	12.17	9.60	10.25

Mersen ROCE % Calculation

Mersen'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 )
	=	126	/	( ( (1439.4 - 353.7)	+	(1535.5 - 327.3) )	/ 2 )
	=	126	/	( (1085.7	+	1208.2)	/ 2 )
	=	126	/	1146.95
	=	10.99 %

Mersen'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 )
	=	130.8	/	( ( (1535.5 - 327.3)	+	(1725.1 - 380.3) )	/ 2 )
	=	130.8	/	( ( 1208.2	+	1344.8 )	/ 2 )
	=	130.8	/	1276.5
	=	10.25 %

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

Mersen (LTS:0Q6Q) 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.

Mersen ROCE % Related Terms

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Mersen Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CBLNF:USA MRNp:UK MRN:France CBE:Germany

Address

Tour Trinity, 1 bis place de la Defense, Courbevoie, FRA, 92400

Website

https://www.mersen.com

Mersen SA manufactures and sells electrical power products and Advanced materials in France, North America, the rest of Europe, the Asia-Pacific, and internationally. The business activity of the group functions through the Advanced Materials segment and Electrical Power segment. The Advanced Materials segment brings the businesses related to carbon materials - graphite specialties for high-temperature applications, anti-corrosion equipment designed primarily for chemicals and power transmission technologies, whereas the Electrical Power segment brings the businesses related to the electrical market - namely Solutions for Power Management and electrical protection and control, primarily fuses, industrial fuse holders, and surge protection solutions.

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