MISTRAS Group (FRA:MIY) ROCE % : 5.26% (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is MISTRAS 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. MISTRAS Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.26%.

MISTRAS Group ROCE % Historical Data

The historical data trend for MISTRAS 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.

* Premium members only.

MISTRAS Group ROCE % Chart

MISTRAS Group Annual Data

Trend

May14

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

4.06

-17.73

4.13

4.69

-0.44

MISTRAS 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															-1.70	3.60	-4.40	0.67	5.26

MISTRAS Group ROCE % Calculation

MISTRAS 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 )
	=	-1.746	/	( ( (504.949 - 97.919)	+	(490.39 - 106.852) )	/ 2 )
	=	-1.746	/	( (407.03	+	383.538)	/ 2 )
	=	-1.746	/	395.284
	=	-0.44 %

MISTRAS 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 )
	=	20.436	/	( ( (490.39 - 106.852)	+	(498.757 - 105.691) )	/ 2 )
	=	20.436	/	( ( 383.538	+	393.066 )	/ 2 )
	=	20.436	/	388.302
	=	5.26 %

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

MISTRAS Group (FRA:MIY) 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.

MISTRAS Group ROCE % Related Terms

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

MISTRAS Group (FRA:MIY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MISTRAS Group Inc (FRA:MIY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MG:USA

Address

195 Clarksville Road, Princeton Junction, NJ, USA, 08550

Website

https://www.mistrasgroup.com

MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are Service, International and Products and Systems, of which key revenue is derived from the Services segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.

MISTRAS Group (FRA:MIY) Headlines

From GuruFocus

BlackRock Announces Board Approval of Municipal Closed-End Fund Mergers

By Business Wire • 09-08-2023