Mynd.ai (STU:WK6) ROCE % : -2.64% (As of Jun. 2024)

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What is Mynd.ai 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. Mynd.ai's annualized ROCE % for the quarter that ended in Jun. 2024 was -2.64%.

Mynd.ai ROCE % Historical Data

The historical data trend for Mynd.ai'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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Mynd.ai ROCE % Chart

Mynd.ai Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

7.27

-21.14

Mynd.ai Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	-21.73	-20.80	-2.64

Mynd.ai ROCE % Calculation

Mynd.ai'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 )
	=	-38.058	/	( ( (348.129 - 195.075)	+	(370.826 - 163.741) )	/ 2 )
	=	-38.058	/	( (153.054	+	207.085)	/ 2 )
	=	-38.058	/	180.0695
	=	-21.14 %

Mynd.ai'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 )
	=	-4.826	/	( ( (370.826 - 163.741)	+	(300.776 - 141.567) )	/ 2 )
	=	-4.826	/	( ( 207.085	+	159.209 )	/ 2 )
	=	-4.826	/	183.147
	=	-2.64 %

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

Mynd.ai (STU:WK6) 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.

Mynd.ai ROCE % Related Terms

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Mynd.ai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Mynd.ai Inc (STU:WK6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MYND:USA WK6:Germany

Address

720 Olive Way, Suite 1500, Seattle, WA, USA, 98101

Website

https://www.mynd.ai

Mynd.ai Inc is a company that provides a platform for delivering digital content in K-12 classrooms, giving teachers seamless connectivity to inspire young minds. It features agnostic hardware that integrates across technology providers. Its product line includes a wide range of interactive tools and technologies, with its award-winning interactive displays at the forefront. It also offers interactive software apps such as Screen Share, computing modules, and accessories that meet the needs of customers, including K -12 educators, colleges and universities, small businesses and corporations, government agencies, and more.

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