Looking Into Manitex International's Return On Capital Employed

Benzinga ·  03/10 22:53

According to Benzinga Pro, during Q4, Manitex International (NASDAQ:MNTX) earned $659 thousand, a 121.37% increase from the preceding quarter. Manitex International also posted a total of $78.82 million in sales, a 21.19% increase since Q3. In Q3, Manitex International brought in $65.04 million in sales but lost $3.08 million in earnings. Why Is ROCE Significant?Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share

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