Returns On Capital Are Showing Encouraging Signs At Manitex International (NASDAQ:MNTX) [Yahoo! Finance]
Manitex International, Inc. - common stock (MNTX)
Last manitex international, inc. - common stock earnings: 3/9 07:00 am
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US:NASDAQ Investor Relations:
manitexinternational.com/investorrelations.aspx
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Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at Manitex International NASDAQ:MNTX ) and its trend of ROCE, we really liked what we saw. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Manitex International is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.097 = US$16m ÷ (US$256m - US$93m) (Based on the trailing twelve months to December 2023) So, Manitex International has an ROCE of 9.7%. Ultimately, that's a low return and it under-performs the Machinery industry average of
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MNTX
News
- Manitex International to Participate in the Sidoti Micro-Cap Virtual Conference [Yahoo! Finance]Yahoo! Finance
- Manitex International to Participate in the Sidoti Micro-Cap Virtual ConferenceBusiness Wire
- Manitex International Announces First Quarter 2024 Results Conference Call and Webcast Date [Yahoo! Finance]Yahoo! Finance
- Manitex International Announces First Quarter 2024 Results Conference Call and Webcast DateBusiness Wire
- Should We Be Cautious About Manitex International, Inc.'s (NASDAQ:MNTX) ROE Of 9.9%? [Yahoo! Finance]Yahoo! Finance
MNTX
Earnings
- 2/29/24 - Beat
MNTX
Sec Filings
- 4/29/24 - Form DEF
- 4/3/24 - Form 4
- 3/18/24 - Form 8-K
- MNTX's page on the SEC website