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Compagnie Generale des Etablissements Michelin SCA Stock

Compagnie Generale des Etablissements Michelin SCA ROA 2024

Compagnie Generale des Etablissements Michelin SCA ROA

0.06

Ticker

ML.PA

ISIN

FR0000121261

WKN

850739

In 2024, Compagnie Generale des Etablissements Michelin SCA's return on assets (ROA) was 0.06, a -0.47% increase from the 0.06 ROA 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.

ROA Details

Understanding Compagnie Generale des Etablissements Michelin SCA's Return on Assets (ROA)

Compagnie Generale des Etablissements Michelin SCA's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Compagnie Generale des Etablissements Michelin SCA's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Compagnie Generale des Etablissements Michelin SCA's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Compagnie Generale des Etablissements Michelin SCA’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Compagnie Generale des Etablissements Michelin SCA stock

What is the Return on Assets (ROA) of Compagnie Generale des Etablissements Michelin SCA this year?

The Return on Assets (ROA) of Compagnie Generale des Etablissements Michelin SCA is 0.06 undefined this year.

What was the ROA of Compagnie Generale des Etablissements Michelin SCA compared to the previous year?

The ROA of Compagnie Generale des Etablissements Michelin SCA has increased by -0.47% compared to the previous year.

What consequences do high ROA have for investors of Compagnie Generale des Etablissements Michelin SCA?

A high ROA is advantageous for investors of Compagnie Generale des Etablissements Michelin SCA, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Compagnie Generale des Etablissements Michelin SCA?

A low ROA can be unfavorable for investors of Compagnie Generale des Etablissements Michelin SCA as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Compagnie Generale des Etablissements Michelin SCA affect the company?

An increase in ROA of Compagnie Generale des Etablissements Michelin SCA can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Compagnie Generale des Etablissements Michelin SCA impact the company?

A reduction in the ROA of Compagnie Generale des Etablissements Michelin SCA can be an indicator of lower asset efficiency and profitability.

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

Some factors that can influence the ROA of Compagnie Generale des Etablissements Michelin SCA include revenue, operating costs, asset structure, and industry average.

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

The ROA of Compagnie Generale des Etablissements Michelin SCA is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

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

To improve ROA, Compagnie Generale des Etablissements Michelin SCA can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

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.