Minerals Technologies (FRA:MNK) ROCE % : 9.95% (As of Sep. 2024)

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What is Minerals 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. Minerals Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.95%.

Minerals Technologies ROCE % Historical Data

The historical data trend for Minerals 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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Minerals Technologies ROCE % Chart

Minerals Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.49

5.99

8.46

7.08

5.68

Minerals Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.01	8.77	10.39	6.87	9.95

Minerals Technologies ROCE % Calculation

Minerals 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 )
	=	153.047	/	( ( (3211.11 - 474.454)	+	(3068.832 - 419.344) )	/ 2 )
	=	153.047	/	( (2736.656	+	2649.488)	/ 2 )
	=	153.047	/	2693.072
	=	5.68 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	264.896	/	( ( (3108.434 - 421.394)	+	(3057.994 - 418.064) )	/ 2 )
	=	264.896	/	( ( 2687.04	+	2639.93 )	/ 2 )
	=	264.896	/	2663.485
	=	9.95 %

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

Minerals Technologies (FRA:MNK) 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.

Minerals Technologies ROCE % Related Terms

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Minerals Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Minerals Technologies Inc (FRA:MNK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MTX:USA

Address

622 Third Avenue, 38th Floor, New York, NY, USA, 10017-6707

Website

https://www.mineralstech.com

Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.

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