MicroAlgo's (NASDAQ:MLGO) ROCE Decline: What Does It Mean for Investors?
AinvestWednesday, Apr 30, 2025 8:06 am ET
1min readMicroAlgo's (NASDAQ:MLGO) returns on capital employed (ROCE) have fallen from 24% five years ago to 1.9% currently, while capital employed has grown 379%. The ratio of current liabilities to total assets has risen to 16%, impacting the ROCE. The company raised capital prior to its latest results, which may have contributed to the increase in capital employed but not yet contributed to earnings.
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