Montrose Environmental Group (FRA:5MO) ROCE % : -5.16% (As of Mar. 2024)

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What is Montrose Environmental 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. Montrose Environmental Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.16%.

Montrose Environmental Group ROCE % Historical Data

The historical data trend for Montrose Environmental 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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Montrose Environmental Group ROCE % Chart

Montrose Environmental Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.93

-11.18

-2.10

-3.68

-3.46

Montrose Environmental Group 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															-6.90	-2.96	-2.36	-1.69	-5.16

Montrose Environmental Group ROCE % Calculation

Montrose Environmental Group'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 )
	=	-22.05	/	( ( (747.567 - 105.201)	+	(748.993 - 115.805) )	/ 2 )
	=	-22.05	/	( (642.366	+	633.188)	/ 2 )
	=	-22.05	/	637.777
	=	-3.46 %

Montrose Environmental Group'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 )
	=	-35.172	/	( ( (748.993 - 115.805)	+	(844.65 - 115.456) )	/ 2 )
	=	-35.172	/	( ( 633.188	+	729.194 )	/ 2 )
	=	-35.172	/	681.191
	=	-5.16 %

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

Montrose Environmental Group (FRA:5MO) 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.

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Montrose Environmental Group (FRA:5MO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Montrose Environmental Group Inc (FRA:5MO) » Definitions » ROCE %

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MEG:USA

Address

5120 Northshore Drive, North Little Rock, AR, USA, 72118

Website

https://www.montrose-env.com

Montrose Environmental Group Inc is an environmental services company. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Through its Assessment, Permitting, and Response segment, the company provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits. Measurement and Analysis include test and analysis of air, water, and soil to determine concentrations of contaminants whereas, the Remediation and Reuse segment provide clients with engineering, design, implementation, operations and maintenance services, to treat contaminated water, remove contaminants from soil or create biogas from food or agricultural waste.

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