Mason Industrial Technology (Mason Industrial Technology) ROCE % : -0.24% (As of Sep. 2022)

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What is Mason Industrial Technology ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Mason Industrial Technology's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.24%.

Mason Industrial Technology ROCE % Historical Data

The historical data trend for Mason Industrial Technology's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mason Industrial Technology ROCE % Chart

Mason Industrial Technology Annual Data

Trend

Dec20

Dec21

ROCE %

-0.64

Mason Industrial Technology Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial				-0.24	-0.58	-0.46	-0.26	-0.24

Mason Industrial Technology ROCE % Calculation

Mason Industrial Technology's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-1.61	/	( ( (0.442 - 0.5)	+	(501.673 - 0.392) )	/ 2 )
	=	-1.61	/	( (-0.058	+	501.281)	/ 2 )
	=	-1.61	/	250.6115
	=	-0.64 %

Mason Industrial Technology's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-1.208	/	( ( (501.361 - 0.44)	+	(503.177 - 0.762) )	/ 2 )
	=	-1.208	/	( ( 500.921	+	502.415 )	/ 2 )
	=	-1.208	/	501.668
	=	-0.24 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Mason Industrial Technology (NYSE:MIT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Mason Industrial Technology ROCE % Related Terms

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Mason Industrial Technology (Mason Industrial Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mason Industrial Technology Inc (NYSE:MIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 East 59th Street, New York, NY, USA, 10022

Website

https://www.masonitech.com

Mason Industrial Technology Inc is a blank check company.

Executives

William B Plummer	director	C/O UNITED RENTALS INC / DE, 100 FIRST STAMFORD PL STE 700, STAMFORD CT 06902
James L Bauman	director	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Mason Capital Management Llc	director, 10 percent owner	110 EAST 59TH STREET, 30TH FLOOR, NEW YORK NY 10022
Kenneth M. Garschina	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Michael E Martino	director, 10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Rose Edward Arthur Iii	director, officer: Chief Executive Officer	5255 VIRGINIA AVE, NORTH CHARLESTON SC 29406
Sanford Marshall C Jr	director	1725 ATLANTIC AVE, SULLIVANS ISLAND SC 29482
Mason Industrial Sponsor, Llc	10 percent owner	110 E. 59TH STREET, NEW YORK NY 10022
Derek Satzinger	director, officer: Chief Financial Officer	110 E. 59TH STREET, NEW YORK NY 10022
Diane M. Parisi	director	110 E. 59TH STREET, NEW YORK NY 10022
Pamela Chepiga	director	110 E. 59TH STREET, NEW YORK NY 10022
Philip B. Whitehead	director	110 E. 59TH STREET, NEW YORK NY 10022
Mason Capital Master Fund, L.p.	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Mason Management Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022

Mason Industrial Technology (Mason Industrial Technology) Headlines

From GuruFocus

Mason Industrial Technology, Inc. Completes $500,000,000 Initial Public Offering

By Business Wire Business Wire • 02-02-2021

Mason Industrial Technology, Inc. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By Business Wire Business Wire • 01-31-2023