Mullen Group (TSX:MTL) ROCE % : 8.80% (As of Dec. 2024)

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What is Mullen Group 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. Mullen Group's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.80%.

Mullen Group ROCE % Historical Data

The historical data trend for Mullen Group'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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Mullen Group ROCE % Chart

Mullen Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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7.13

7.74

14.32

13.33

11.05

Mullen Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															12.56	10.10	13.34	13.26	8.80

Mullen Group ROCE % Calculation

Mullen Group's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	202.081	/	( ( (2041.662 - 502.395)	+	(2332.488 - 212.94) )	/ 2 )
	=	202.081	/	( (1539.267	+	2119.548)	/ 2 )
	=	202.081	/	1829.4075
	=	11.05 %

Mullen Group's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	185.588	/	( ( (2574.608 - 476.683)	+	(2332.488 - 212.94) )	/ 2 )
	=	185.588	/	( ( 2097.925	+	2119.548 )	/ 2 )
	=	185.588	/	2108.7365
	=	8.80 %

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

Mullen Group (TSX:MTL) 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.

Mullen Group ROCE % Related Terms

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Mullen Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (TSX:MTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MLLGF:USA 9MU:Germany 9MU:Germany

Address

121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.

Executives

Jamil Murji	Director
Joanna Kathryn Scott	Senior Officer
Laura Marie Hartwell	Director
Benoit Durand	Director
Murray Kenneth Mullen	Director, Senior Officer
Carson Paul Urlacher	Senior Officer
Richard James Maloney	Senior Officer
Richard Fredrick Whitley	Director
Philip Scherman	Director
Christine Ellen Mcginley	Director
Peter W. Stephen Clark	Senior Officer
Greg Bay	Director
David Edward Mullen	Director
Sonia Gae Tibbatts	Director