MCACW (Monterey Capital Acquisition) ROCE %: -4.79% (As of Mar. 2024)

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MCACW Monterey Capital Acquisition Corp MCACW
22 GF Score
Price $0.01
! 1 Warning Sign
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What is Monterey Capital Acquisition ROCE %?

Monterey Capital Acquisition MCACW -59.60% 22 ROCE % is -4.79% as of Mar. 2024. GuruFocus rates MCACW with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

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. Monterey Capital Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.79%.

Monterey Capital Acquisition  (NAS:MCACW) 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.

Monterey Capital Acquisition ROCE % Related Terms

Monterey Capital Acquisition ROCE % Historical Data

* Premium members only.

The historical data trend for Monterey Capital Acquisition'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.

Monterey Capital Acquisition ROCE % Chart

Monterey Capital Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
0.00 -4.55 -3.63

Monterey Capital Acquisition Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.52 -2.35 -1.49 -6.21 -4.79
MCACW
22GF Score
Monterey Capital Acquisition Corp MCACW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Monterey Capital Acquisition ROCE % Calculation

Monterey Capital Acquisition'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 )
=-2.981/( ( (94.223 - 2.058) + (78.775 - 6.915) )/ 2 )
=-2.981/( (92.165+71.86)/ 2 )
=-2.981/82.0125
=-3.63 %

Monterey Capital Acquisition'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 )
=-3.444/( ( (78.775 - 6.915) + (80.72 - 8.911) )/ 2 )
=-3.444/( ( 71.86 + 71.809 )/ 2 )
=-3.444/71.8345
=-4.79 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -4.79% mean?
Monterey Capital Acquisition (MCACW) has a ROCE % of -4.79% as of Mar. 2024.
Is Monterey Capital Acquisition's ROCE % too high?
Monterey Capital Acquisition's current ROCE % is -4.79%. Overall, Monterey Capital Acquisition has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Monterey Capital Acquisition's ROCE % compare to GATE and FIAC?
Monterey Capital Acquisition's ROCE % of -4.79% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Diversified Financial Services company?
A good ROCE % depends on the Diversified Financial Services industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Monterey Capital Acquisition's current ROCE % is -4.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monterey Capital Acquisition stock overvalued right now?
Monterey Capital Acquisition (MCACW) has a current ROCE % of -4.79%. The current ROCE % is -4.79%. Monterey Capital Acquisition's overall GF Score™ is 22/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Monterey Capital Acquisition (MCACW), the current ROCE % is -4.79% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Monterey Capital Acquisition Business Description

Address 419 Webster Street, Monterey, CA, USA, 93940
Monterey Capital Acquisition Corp is a blank check company.
22GF Score

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