Mastech Digital (MHH) Return on Invested Capital [ROIC] (2014 - 2023)
Mastech Digital (MHH) recorded Return on Invested Capital [ROIC] of -8.75% in Q4 2023, down 18.54 percentage points from 9.79% a year earlier and down 8.75 percentage points from the prior quarter.
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Analysis
Mastech Digital (MHH) Return on Invested Capital [ROIC] (2014 - 2023) Analysis & Trends
For FY2023, Mastech Digital reported Return on Invested Capital [ROIC] of -8.70%, down 18.44 percentage points from FY2022.
- Annual Return on Invested Capital [ROIC] has a five-year change of -20.65 percentage points (FY2018 to FY2023).
- Across earlier years, Return on Invested Capital [ROIC] came in at 9.74% in FY2022 (-5.77 pp), 15.51% in FY2021 (+1.41 pp), 14.11% in FY2020 (-3.11 pp) and 17.22% in FY2019 (+5.27 pp).
- The Q4 2023 figure is the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2014.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for six consecutive quarters, with an average year-over-year change of -6.65 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 7.70 percentage points in Q1 2020, against a drop of 18.54 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.00% (Q3 2023), 2.16% (Q2 2023) and 7.39% (Q1 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | -78.45 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 29.66 Bn | 23.62 Bn | 1.91 Bn | 15.74% |
| 3 | Wipro | 22.47 Bn | 17.61 Bn | 745.00 Mn | 38.25% |
| 4 | Cdw | 20.57 Bn | 17.47 Bn | 1.39 Bn | 14.16% |
| 5 | Cgi | 18.42 Bn | 16.22 Bn | - | - |
| 6 | Td Synnex | 18.09 Bn | 12.24 Bn | 1.43 Bn | 11.10% |
| 7 | Arrow Electronics | 9.84 Bn | 8.79 Bn | 1.13 Bn | 10.19% |
| 8 | EPAM Systems | 8.02 Bn | 3.93 Bn | 445.94 Mn | 12.13% |
| 9 | Avnet | 6.99 Bn | 6.17 Bn | 865.03 Mn | 6.41% |
| 10 | Mastech Digital | 78.19 Mn | -65.44 Mn | 12.05 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | -8.75% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 2.16% |
| Mar 31, 2023 | 7.39% |
| Dec 31, 2022 | 9.79% |
| Sep 30, 2022 | 12.45% |
| Jun 30, 2022 | 13.53% |
| Mar 31, 2022 | 15.53% |
| Dec 31, 2021 | 14.84% |
| Sep 30, 2021 | 13.23% |
| Jun 30, 2021 | 13.23% |
| Mar 31, 2021 | 12.66% |
| Dec 31, 2020 | 14.72% |
| Sep 30, 2020 | 16.26% |
| Jun 30, 2020 | 14.32% |
| Mar 31, 2020 | 18.45% |
| Dec 31, 2019 | 17.46% |
| Sep 30, 2019 | 15.45% |
| Jun 30, 2019 | 14.79% |
| Mar 31, 2019 | 10.75% |
API Access
Mastech Digital Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MHH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MHH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MHH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();