Media Investment Optimization (XMAD:MIO) ROCE % : -32.96% (As of Dec. 2023)

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What is Media Investment Optimization 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. Media Investment Optimization's annualized ROCE % for the quarter that ended in Dec. 2023 was -32.96%.

Media Investment Optimization ROCE % Historical Data

The historical data trend for Media Investment Optimization'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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Media Investment Optimization ROCE % Chart

Media Investment Optimization Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

24.94

26.16

17.96

-15.92

Media Investment Optimization Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	24.45	13.65	-1.46	-32.96

Media Investment Optimization ROCE % Calculation

Media Investment Optimization'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 )
	=	-1.524	/	( ( (36.656 - 23.849)	+	(35.165 - 28.828) )	/ 2 )
	=	-1.524	/	( (12.807	+	6.337)	/ 2 )
	=	-1.524	/	9.572
	=	-15.92 %

Media Investment Optimization'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 )
	=	-2.874	/	( ( (36.452 - 25.35)	+	(35.165 - 28.828) )	/ 2 )
	=	-2.874	/	( ( 11.102	+	6.337 )	/ 2 )
	=	-2.874	/	8.7195
	=	-32.96 %

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

Media Investment Optimization (XMAD:MIO) 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.

Media Investment Optimization ROCE % Related Terms

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Media Investment Optimization (XMAD:MIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Media Investment Optimization SA (XMAD:MIO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Paseo Castellana 95 Pl 24, Torre Europa Building, Madrid, ESP, 28046

Website

https://www.mio.es

Media Investment Optimization SA is a consultancy company in the integration of marketing services and digital transformation, oriented to provide an impact on the income statement of its clients, through the use of technology. It is made up of different companies specialized in the fields of marketing and advertising: creativity, media buying, data analytics, social media, web development, marketing automation and technology.