Mastech Digital (FRA:MS4A) ROCE % : -1.91% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Mastech Digital 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. Mastech Digital's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.91%.

Mastech Digital ROCE % Historical Data

The historical data trend for Mastech Digital'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.

* Premium members only.

Mastech Digital ROCE % Chart

Mastech Digital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.12

16.93

18.23

14.26

-0.99

Mastech Digital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.36	1.22	-0.22	-7.36	-1.91

Mastech Digital ROCE % Calculation

Mastech Digital'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 )
	=	-0.802	/	( ( (102.782 - 18.462)	+	(96.493 - 18.222) )	/ 2 )
	=	-0.802	/	( (84.32	+	78.271)	/ 2 )
	=	-0.802	/	81.2955
	=	-0.99 %

Mastech Digital'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 )
	=	-1.496	/	( ( (96.493 - 18.222)	+	(97.584 - 19.098) )	/ 2 )
	=	-1.496	/	( ( 78.271	+	78.486 )	/ 2 )
	=	-1.496	/	78.3785
	=	-1.91 %

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

Mastech Digital (FRA:MS4A) 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.

Mastech Digital ROCE % Related Terms

Thank you for viewing the detailed overview of Mastech Digital's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mastech Digital (FRA:MS4A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mastech Digital Inc (FRA:MS4A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MHH:USA

Address

1305 Cherrington Parkway, Building 210, Suite 400, Moon Township, PA, USA, 15108

Website

https://www.mastechdigital.com

Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. Its digital transformation services also include staffing & project-based services around digital learning. The company derives a majority of its revenue from IT staffing services. Geographically, the majority is from the United States.

Mastech Digital (FRA:MS4A) Headlines

No Headlines