MGI Digital Graphic Technology (STU:2EI) ROCE % : 10.50% (As of Dec. 2023)

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What is MGI Digital Graphic Technology 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. MGI Digital Graphic Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.50%.

MGI Digital Graphic Technology ROCE % Historical Data

The historical data trend for MGI Digital Graphic Technology'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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MGI Digital Graphic Technology ROCE % Chart

MGI Digital Graphic Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.62

5.49

6.00

6.43

7.41

MGI Digital Graphic Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.49	6.19	6.99	4.29	10.50

MGI Digital Graphic Technology ROCE % Calculation

MGI Digital Graphic Technology'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 )
	=	9.846	/	( ( (140.363 - 11.348)	+	(147.465 - 10.671) )	/ 2 )
	=	9.846	/	( (129.015	+	136.794)	/ 2 )
	=	9.846	/	132.9045
	=	7.41 %

MGI Digital Graphic Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	14.098	/	( ( (142.09 - 10.44)	+	(147.465 - 10.671) )	/ 2 )
	=	14.098	/	( ( 131.65	+	136.794 )	/ 2 )
	=	14.098	/	134.222
	=	10.50 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

MGI Digital Graphic Technology (STU:2EI) 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.

MGI Digital Graphic Technology ROCE % Related Terms

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MGI Digital Graphic Technology (STU:2EI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MGI Digital Graphic Technology SA (STU:2EI) » Definitions » ROCE %

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ALMDG:France 2EI:Germany

Address

4, rue de la Meridienn, Fresnes, FRA, 94260

Website

http://www.mgi-fr.com

MGI Digital Graphic Technology SA is a France-based company engaged in designing, manufacturing, and selling digital printing and finishing equipment for the graphics industry. The company offers digital printing and finishing equipment in the areas of inkjet technology, digital printing, spot UV coating, embossed hot foiling, adhesive labels, digital finishing, plastic card production, envelope solutions, and turnkey paper solutions.

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