Compagnie Generale des Etablissements Michelin SCA Stock

Compagnie Generale des Etablissements Michelin SCA ROE 2024

Compagnie Generale des Etablissements Michelin SCA ROE

0.11

Ticker

ML.PA

ISIN

FR0000121261

WKN

850739

In 2024, Compagnie Generale des Etablissements Michelin SCA's return on equity (ROE) was 0.11, a -5.56% increase from the 0.12 ROE 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.

ROE Details

Decoding Compagnie Generale des Etablissements Michelin SCA's Return on Equity (ROE)

Compagnie Generale des Etablissements Michelin SCA's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.

Year-to-Year Comparison

Analyzing Compagnie Generale des Etablissements Michelin SCA's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.

Impact on Investments

Compagnie Generale des Etablissements Michelin SCA's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.

Interpreting ROE Fluctuations

Changes in Compagnie Generale des Etablissements Michelin SCA’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.

Frequently Asked Questions about Compagnie Generale des Etablissements Michelin SCA stock

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

The ROE of Compagnie Generale des Etablissements Michelin SCA this year is 0.11 undefined.

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

The ROE of Compagnie Generale des Etablissements Michelin SCA has increased by -5.56% decreased compared to the previous year.

What impact does a high ROE (Return on Equity) have on investors of Compagnie Generale des Etablissements Michelin SCA?

A high ROE indicates that Compagnie Generale des Etablissements Michelin SCA generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.

What impact does a low ROE (Return on Equity) have on investors of Compagnie Generale des Etablissements Michelin SCA?

A low ROE can indicate that Compagnie Generale des Etablissements Michelin SCA is having difficulties monetizing its investments successfully and can be a negative signal for investors.

How does a change in the ROE (Return on Equity) of Compagnie Generale des Etablissements Michelin SCA affect the company?

A change in ROE (Return on Equity) of Compagnie Generale des Etablissements Michelin SCA can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.

How to calculate the ROE (Return on Equity) of Compagnie Generale des Etablissements Michelin SCA?

The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.

Which factors influence the ROE (Return on Equity) of Compagnie Generale des Etablissements Michelin SCA?

Some factors that can influence Compagnie Generale des Etablissements Michelin SCA's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.

What strategic measures can take to improve the ROE (Return on Equity)?

To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.

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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