Mincon Group (DUB:MIO) ROCE % : 4.38% (As of Dec. 2023)

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What is Mincon Group 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. Mincon Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.38%.

Mincon Group ROCE % Historical Data

The historical data trend for Mincon Group'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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Mincon Group ROCE % Chart

Mincon Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.85

12.00

11.40

11.25

6.14

Mincon Group 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															12.42	10.82	11.42	7.84	4.38

Mincon Group ROCE % Calculation

Mincon Group'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 )
	=	11.376	/	( ( (224.917 - 39.576)	+	(219.496 - 34.184) )	/ 2 )
	=	11.376	/	( (185.341	+	185.312)	/ 2 )
	=	11.376	/	185.3265
	=	6.14 %

Mincon Group'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 )
	=	8.148	/	( ( (226.961 - 39.958)	+	(219.496 - 34.184) )	/ 2 )
	=	8.148	/	( ( 187.003	+	185.312 )	/ 2 )
	=	8.148	/	186.1575
	=	4.38 %

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

Mincon Group (DUB: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.

Mincon Group ROCE % Related Terms

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Mincon Group (DUB:MIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mincon Group PLC (DUB:MIO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MCON:UK MIO:Germany

Address

Smithstown Industrial Estate, County Clare, Shannon, IRL

Website

https://www.mincon.com

Mincon Group PLC is an Irish engineering company. The company is engaged in the designing, manufacturing, selling and servicing of rock drilling tools and associated products. It provides after sales support and service to customers through its network of sales and distribution companies in international markets. Most of the revenue is derived from the sale of drilling equipment and other products that are manufactured by its manufacturing sites. Geographically, it derives maximum revenue from Europe, Middle East, Africa and has a presence in Ireland, America, and Australasia.