Mohawk Industries' (NYSE:MHK) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]
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Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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US:NYSE Investor Relations:
mohawkind.com/corporateiroverview.aspx
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Source: Yahoo! Finance
When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. This reveals that the company isn't compounding shareholder wealth because returns are falling and its net asset base is shrinking. So after glancing at the trends within Mohawk Industries NYSE:MHK ), we weren't too hopeful. What Is Return On Capital Employed (ROCE)? 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. To calculate this metric for Mohawk Industries, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.078 = US$810m ÷ (US$14b - US$3.1b) (Based on the trailing twelve months to March 2024) Therefore, Mohawk Industries has an ROCE of 7.8%. In absolute terms, that's a low return and it also under-performs the Consumer Dura
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News
- Why Mohawk Industries (MHK) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. (NYSE: MHK) was upgraded by analysts at Raymond James from a "market perform" rating to a "strong-buy" rating. They now have a $140.00 price target on the stock.MarketBeat
- Mohawk Industries (MHK) Increased in Q1 Despite a Challenging Macro Backdrop [Yahoo! Finance]Yahoo! Finance
- Carpets and Rugs Market size is set to grow by USD 11.2 billion from 2024-2028, Consumer's increasing preference for home decor to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Global Luxury Vinyl Tiles (LVT) Industry Report 2024-2029: Rising Demand from Emerging Economies Bodes Well for the $35+ Billion Market [Yahoo! Finance]Yahoo! Finance
MHK
Earnings
- 4/25/24 - Beat
MHK
Sec Filings
- 6/14/24 - Form 11-K
- 6/14/24 - Form 11-K
- 6/14/24 - Form 144
- MHK's page on the SEC website