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Compagnie Generale des Etablissements Michelin SCA Stock

Compagnie Generale des Etablissements Michelin SCA ROCE 2024

Compagnie Generale des Etablissements Michelin SCA ROCE

0.19

Ticker

ML.PA

ISIN

FR0000121261

WKN

850739

In 2024, Compagnie Generale des Etablissements Michelin SCA's return on capital employed (ROCE) was 0.19, a 4.61% increase from the 0.18 ROCE in the previous year.

Compagnie Generale des Etablissements Michelin SCA Aktienanalyse

What does Compagnie Generale des Etablissements Michelin SCA do?

The Compagnie Generale des Etablissements Michelin SCA is a French company known worldwide for the production of automobile tires and other driving accessories. It was founded in 1889 by brothers André and Edouard Michelin, who initially produced bicycle tires. After focusing on the production of automobile tires in the 1920s, the company quickly became a pioneer in this field. Today, Michelin is one of the leading companies in the tire industry globally. Its business model encompasses more than just the manufacturing of car tires, as it is also involved in other sectors such as travel guides, digital services, road maps, restaurants, and even aerospace technology. Within its various business divisions, Michelin is well-known and highly esteemed in the tire industry. One of these sectors is the production of automobile tires, where Michelin is renowned for its high-quality and reliable products. The company heavily invests in research and development to continuously enter the market with innovative and competitive tires. Besides car tires, Michelin is also active in other industries, including the production of tires for agricultural and construction vehicles. It also operates in the truck tire market, manufacturing tires for the transportation industry. Another division of Michelin focuses on other vehicle components, such as brakes and suspensions. The company also develops solutions for autonomous vehicles, including sensors and navigation technology. In addition to the technical aspects of the business, Michelin is known for its other activities that set it apart from other tire manufacturers. It produces travel guides and maps and runs a chain of restaurants renowned for their excellent cuisine. In 1900, Michelin published the first Michelin Guide, which aimed to guide drivers through France and keep them updated on hotels and restaurants. Since then, the guide has been annually updated and expanded to acknowledge the best restaurants worldwide. The company also provides digital services for drivers, including GPS services and smartphone apps. Through various acquisitions and partnerships, Michelin has also established a strong presence in the United States and Asia. In recent years, Michelin's innovation in the tire industry has significantly increased. The company has developed tires optimized for use on snow and ice, as well as for improved fuel efficiency and reduced resistance. Overall, thanks to its broad business model and offerings in various industries, Michelin holds a unique position in the automotive industry and beyond. It remains a key player in the tire and automotive industry and continues to write its success story. Compagnie Generale des Etablissements Michelin SCA ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROCE Details

Unraveling Compagnie Generale des Etablissements Michelin SCA's Return on Capital Employed (ROCE)

Compagnie Generale des Etablissements Michelin SCA's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing Compagnie Generale des Etablissements Michelin SCA's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

Compagnie Generale des Etablissements Michelin SCA's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in Compagnie Generale des Etablissements Michelin SCA’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about Compagnie Generale des Etablissements Michelin SCA stock

What is the ROCE (Return on Capital Employed) of Compagnie Generale des Etablissements Michelin SCA this year?

The ROCE of Compagnie Generale des Etablissements Michelin SCA is 0.19 undefined this year.

How has the ROCE (Return on Capital Employed) of Compagnie Generale des Etablissements Michelin SCA developed compared to the previous year?

The ROCE of Compagnie Generale des Etablissements Michelin SCA has increased by 4.61% increased compared to the previous year.

What does a high ROCE (Return on Capital Employed) mean for investors of Compagnie Generale des Etablissements Michelin SCA?

A high Return on Capital Employed (ROCE) indicates that Compagnie Generale des Etablissements Michelin SCA has efficient capital utilization and is able to achieve a higher return on its invested capital. This can be appealing to investors.

What does a low ROCE (Return on Capital Employed) mean for investors of Compagnie Generale des Etablissements Michelin SCA?

A low ROCE (Return on Capital Employed) can indicate that Compagnie Generale des Etablissements Michelin SCA has an inefficient utilization of its capital and may have difficulty in achieving a satisfactory return on its invested capital. This can be uncertain or unattractive for investors.

How does an increase in ROCE from Compagnie Generale des Etablissements Michelin SCA impact the company?

An increase in the ROCE of Compagnie Generale des Etablissements Michelin SCA can be an indicator of improved company efficiency and show that it is achieving higher profits in relation to its investments.

How does a reduction in the ROCE of Compagnie Generale des Etablissements Michelin SCA affect the company?

A decrease in ROCE of Compagnie Generale des Etablissements Michelin SCA can be an indicator of deteriorated efficiency of the company, indicating that it is generating lower profits in relation to its investments.

What are some factors that can influence the ROCE of Compagnie Generale des Etablissements Michelin SCA?

Some factors that can affect Compagnie Generale des Etablissements Michelin SCA's ROCE include efficiency in managing assets, profitability of investments, cost efficiency, and market conditions.

Why is the ROCE of Compagnie Generale des Etablissements Michelin SCA so important for investors?

The ROCE of Compagnie Generale des Etablissements Michelin SCA is important for investors as it is an indicator of the company's efficiency and shows how successful the company is in relation to its investments. A high ROCE can indicate strong financial performance of the company.

What strategic measures can Compagnie Generale des Etablissements Michelin SCA take to improve the ROCE?

To improve the ROCE, Compagnie Generale des Etablissements Michelin SCA can take measures such as increasing efficiency in asset management, optimizing investments, cost savings, and exploring new revenue sources. It is important for the company to conduct a thorough review of its operations to determine the best strategic actions to improve the ROCE.

How much dividend does Compagnie Generale des Etablissements Michelin SCA pay?

Over the past 12 months, Compagnie Generale des Etablissements Michelin SCA paid a dividend of 1.25 EUR . This corresponds to a dividend yield of about 3.98 %. For the coming 12 months, Compagnie Generale des Etablissements Michelin SCA is expected to pay a dividend of 1.3 EUR.

What is the dividend yield of Compagnie Generale des Etablissements Michelin SCA?

The current dividend yield of Compagnie Generale des Etablissements Michelin SCA is 3.98 %.

When does Compagnie Generale des Etablissements Michelin SCA pay dividends?

Compagnie Generale des Etablissements Michelin SCA pays a quarterly dividend. This is distributed in the months of June, June, June, June.

How secure is the dividend of Compagnie Generale des Etablissements Michelin SCA?

Compagnie Generale des Etablissements Michelin SCA paid dividends every year for the past 0 years.

What is the dividend of Compagnie Generale des Etablissements Michelin SCA?

For the upcoming 12 months, dividends amounting to 1.3 EUR are expected. This corresponds to a dividend yield of 4.15 %.

In which sector is Compagnie Generale des Etablissements Michelin SCA located?

Compagnie Generale des Etablissements Michelin SCA is assigned to the 'Cyclical consumption' sector.

Wann musste ich die Aktien von Compagnie Generale des Etablissements Michelin SCA kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Compagnie Generale des Etablissements Michelin SCA from 5/24/2024 amounting to 1.35 EUR, you needed to have the stock in your portfolio before the ex-date on 5/22/2024.

When did Compagnie Generale des Etablissements Michelin SCA pay the last dividend?

The last dividend was paid out on 5/24/2024.

What was the dividend of Compagnie Generale des Etablissements Michelin SCA in the year 2023?

In the year 2023, Compagnie Generale des Etablissements Michelin SCA distributed 1.125 EUR as dividends.

In which currency does Compagnie Generale des Etablissements Michelin SCA pay out the dividend?

The dividends of Compagnie Generale des Etablissements Michelin SCA are distributed in EUR.

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Our stock analysis for Compagnie Generale des Etablissements Michelin SCA Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Compagnie Generale des Etablissements Michelin SCA Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.