Returns On Capital At Minerals Technologies (NYSE:MTX) Have Hit The Brakes [Yahoo! Finance]
Minerals Technologies Inc. (MTX)
Last minerals technologies inc. earnings: 4/30 05:01 pm
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US:NYSE Investor Relations:
investors.mineralstech.com/corporate-profile
Company Research
Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think Minerals Technologies NYSE:MTX ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Understanding Return On Capital Employed (ROCE) 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 Minerals Technologies is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.097 = US$280m ÷ (US$3.3b - US$457m) (Based on the trailing twelve months to December 2023) Thus, Minerals Technologies has a
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MTX
News
- Minerals Technologies Reports Record First Quarter 2024 Earnings Per Share of $1.44, or $1.49 Excluding Special Items [Yahoo! Finance]Yahoo! Finance
- Minerals Technologies Reports Record First Quarter 2024 Earnings Per Share of $1.44, or $1.49 Excluding Special ItemsGlobeNewswire
- Minerals Technologies Inc.'s (NYSE:MTX) Has Performed Well But Fundamentals Look Varied: Is There A Clear Direction For The Stock? [Yahoo! Finance]Yahoo! Finance
- Minerals Technologies Announces First Quarter 2024 Conference CallGlobeNewswire
- Lime Market is Anticipated to reach US$ 61.5 Billion by 2034: Fact.MR Report [Yahoo! Finance]Yahoo! Finance
MTX
Earnings
- 4/25/24 - Beat
MTX
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/5/24 - Form ARS
- MTX's page on the SEC website