Munters Group AB (OSTO:MTRS) ROCE % : 13.77% (As of Mar. 2024)

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What is Munters Group AB 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. Munters Group AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.77%.

Munters Group AB ROCE % Historical Data

The historical data trend for Munters Group AB'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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Munters Group AB ROCE % Chart

Munters Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.22

9.19

9.62

9.31

14.28

Munters Group AB 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															12.98	14.32	15.08	12.06	13.77

Munters Group AB ROCE % Calculation

Munters Group AB'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 )
	=	1572	/	( ( (15204 - 4580)	+	(16731 - 5337) )	/ 2 )
	=	1572	/	( (10624	+	11394)	/ 2 )
	=	1572	/	11009
	=	14.28 %

Munters Group AB'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 )
	=	1660	/	( ( (16731 - 5337)	+	(17823 - 5100) )	/ 2 )
	=	1660	/	( ( 11394	+	12723 )	/ 2 )
	=	1660	/	12058.5
	=	13.77 %

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

Munters Group AB (OSTO:MTRS) 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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Munters Group AB (OSTO:MTRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Munters Group AB (OSTO:MTRS) » Definitions » ROCE %

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0RPO:UK 1MS:Germany

Address

Box 1188, Kista, SWE, SE-164 40

Website

https://www.munters.com

Munters Group AB is a provider of energy-efficient air treatment and climate control solutions primarily within the food, pharmaceutical and data center sectors. The company operates in two reportable segments that are AirTech and FoodTech. The product portfolio comprises air intakes/air inlets, temperature and humidity control air treatment systems, fans and light filters, heat exchangers, heaters, mist eliminators, pollution control and volatile organic compounds abatement technologies to remove liquid and solvents from the air.