Manitex International (FRA:VE8) ROCE % : 10.36% (As of Dec. 2023)

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What is Manitex International 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. Manitex International's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.36%.

Manitex International ROCE % Historical Data

The historical data trend for Manitex International'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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Manitex International ROCE % Chart

Manitex International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.49

-6.80

-1.28

2.03

8.34

Manitex International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.74	4.49	6.61	11.81	10.36

Manitex International ROCE % Calculation

Manitex International'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 )
	=	12.137	/	( ( (223.353 - 81.619)	+	(234.505 - 85.089) )	/ 2 )
	=	12.137	/	( (141.734	+	149.416)	/ 2 )
	=	12.137	/	145.575
	=	8.34 %

Manitex International's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	15.464	/	( ( (231.554 - 82.358)	+	(234.505 - 85.089) )	/ 2 )
	=	15.464	/	( ( 149.196	+	149.416 )	/ 2 )
	=	15.464	/	149.306
	=	10.36 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Manitex International (FRA:VE8) 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.

Manitex International ROCE % Related Terms

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Manitex International (FRA:VE8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Manitex International Inc (FRA:VE8) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MNTX:USA

Address

9725 Industrial Drive, Bridgeview, IL, USA, 60455

Website

https://www.manitexinternational.com

Manitex International Inc through its subsidiaries is engaged in the design, manufacture, and distribution of engineered lifting solutions. Its products include boom trucks, truck cranes, and sign cranes. The company's segments include Lifting Equipment and Rental Equipment. It generates maximum revenue from the Lifting Equipment segment. Geographically, it derives a majority of its revenue from the United States.

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