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Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare (BSE:MIB) ROIC % : 0.00% (As of . 20)


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What is Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's annualized return on invested capital (ROIC %) for the quarter that ended in . 20 was 0.00%.

As of today (2025-04-05), Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's WACC % is 0.00%. Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's ROIC % is 0.00% (calculated using TTM income statement data). Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare ROIC % Historical Data

The historical data trend for Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's ROIC % 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.

* Premium members only.

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare ROIC % Chart

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare Annual Data
Trend
ROIC %

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare Semi-Annual Data
ROIC %

Competitive Comparison of Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's ROIC %

For the Insurance Brokers subindustry, Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's ROIC % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's ROIC % distribution charts can be found below:

* The bar in red indicates where Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's ROIC % falls into.


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Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare ROIC % Calculation

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in . 20 is calculated as:

ROIC % (A: . 20 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: . 20 ) + Invested Capital (A: . 20 ))/ count )
= * ( 1 - % )/( ( + )/ )
=/
= %

where

Invested Capital(A: . 20 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
= - - ( - max(0, - +))
=

Invested Capital(A: . 20 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
= - - ( - max(0, - +))
=

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's annualized Return on Invested Capital (ROIC %) for the quarter that ended in . 20 is calculated as:

ROIC % (Q: . 20 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: . 20 ) + Invested Capital (Q: . 20 ))/ count )
= * ( 1 - % )/( ( + )/ )
=/
= %

where

Invested Capital(Q: . 20 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
= - - ( - max(0, - +))
=

Invested Capital(Q: . 20 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
= - - ( - max(0, - +))
=

Note: The Operating Income data used here is one times the annual (. 20) data.

* 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.

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare  (BSE:MIB) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's WACC % is 0.00%. Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare's ROIC % is 0.00% (calculated using TTM income statement data).

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare ROIC % Related Terms

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Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare SA (BSE:MIB) » Definitions » ROIC %
Comparable Companies
Traded in Other Exchanges
N/A
Address
Splaiul Independentei no. 111, Sector 5, Bucharest, ROU
Website
https://www.myinsurance.ro
Millenium Insurance Broker (Mib) Broker De Asigurare Reasigurare SA is an insurance brokerage company. The company has developed a territorial network in the franchise system with respect to Romanian and European legislation.