There Are Reasons To Feel Uneasy About Montauk Renewables' (NASDAQ:MNTK) Returns On Capital [Yahoo! Finance]
Montauk Renewables, Inc. (MNTK)
Company Research
Source: Yahoo! Finance
return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Having said that, from a first glance at Montauk Renewables NASDAQ:MNTK ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Montauk Renewables, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.089 = US$29m ÷ (US$362m - US$43m) (Based on the trailing twelve months to June 2024) Therefore, Montauk Renewables has an ROCE of 8.9%. On its own that's a low return, but compared to the average of 4.2% generated by
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