Mirion Technologies' (NYSE:MIR) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]
Mirion Technologies, Inc. Class A (MIR)
Company Research
Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after investigating Mirion Technologies NYSE:MIR ), we don't think it's current trends fit the mold of a multi-bagger. Return On Capital Employed (ROCE): What Is It? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Mirion Technologies is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.00017 = US$400k ÷ (US$2.6b - US$236m) (Based on the trailing twelve months to June 2024) So, Mirion Technologies has an ROCE of 0.02%. In absolute terms, that's a low return and it also under-per
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News
- Mirion Technologies Second Quarter 2024 Earnings: US$0.058 loss per share (vs US$0.14 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Mirion (NYSE:MIR) Misses Q2 Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Mirion Announces Second Quarter 2024 Financial Results and Updates Full Year Guidance [Yahoo! Finance]Yahoo! Finance
- Mirion Announces Second Quarter 2024 Financial Results and Updates Full Year GuidanceBusiness Wire
- Is Mirion Technologies, Inc. (MIR) a Good Scientific Instruments Stock to Buy Now? [Yahoo! Finance]Yahoo! Finance
MIR
Sec Filings
- 8/30/24 - Form 4
- 8/27/24 - Form 4
- 8/23/24 - Form 144
- MIR's page on the SEC website