Montana Technologies (Montana Technologies) ROCE % : -2.23% (As of Mar. 2024)

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What is Montana Technologies 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. Montana Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.23%.

Montana Technologies ROCE % Historical Data

The historical data trend for Montana Technologies'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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Montana Technologies ROCE % Chart

Montana Technologies Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-75.65

-68.19

Montana Technologies Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-88.12	-64.10	-	-	-2.23

Montana Technologies ROCE % Calculation

Montana Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-11.391	/	( ( (5.396 - 0.185)	+	(0.556 - 6.43) )	/ 2 )
	=	-11.391	/	( (5.211	+	-5.874)	/ 2 )
	=	-11.391	/	-0.3315
	=	3,436.20 %

Montana Technologies's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-7.052	/	( ( (0.556 - 6.43)	+	(650.623 - 11.753) )	/ 2 )
	=	-7.052	/	( ( -5.874	+	638.87 )	/ 2 )
	=	-7.052	/	316.498
	=	-2.23 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Montana Technologies (NAS:AIRJ) 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.

Montana Technologies ROCE % Related Terms

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Montana Technologies (Montana Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Montana Technologies Corp (NAS:AIRJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

34361 Innovation Drive, Ronan, MT, USA, 59864

Website

https://www.mt.energy

Montana Technologies Corp is engaged in transformational technology that provides significant energy efficiency gains in air conditioning and comfort cooling applications, as well as a potential source of potable water, all through its proprietary "AirJoule" unit.

Montana Technologies (Montana Technologies) Headlines

From GuruFocus

Montana Technologies Corp. Announces Addition to Board of Directors and Names Chairman

By PRNewswire • 05-01-2024