Iochpe-Maxion (Iochpe-Maxion) ROCE % : 8.25% (As of Dec. 2023)

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What is Iochpe-Maxion 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. Iochpe-Maxion's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.25%.

Iochpe-Maxion ROCE % Historical Data

The historical data trend for Iochpe-Maxion'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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Iochpe-Maxion ROCE % Chart

Iochpe-Maxion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.49

-2.57

13.73

12.11

8.95

Iochpe-Maxion Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.66	7.53	10.78	9.87	8.25

Iochpe-Maxion ROCE % Calculation

Iochpe-Maxion'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 )
	=	179.489	/	( ( (2896.911 - 909.075)	+	(2966.267 - 942.362) )	/ 2 )
	=	179.489	/	( (1987.836	+	2023.905)	/ 2 )
	=	179.489	/	2005.8705
	=	8.95 %

Iochpe-Maxion's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	166.708	/	( ( (3053.484 - 1033.74)	+	(2966.267 - 942.362) )	/ 2 )
	=	166.708	/	( ( 2019.744	+	2023.905 )	/ 2 )
	=	166.708	/	2021.8245
	=	8.25 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Iochpe-Maxion (OTCPK:IOCJY) 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.

Iochpe-Maxion ROCE % Related Terms

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Iochpe-Maxion (Iochpe-Maxion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iochpe-Maxion SA (OTCPK:IOCJY) » Definitions » ROCE %

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MYPK3:Brazil

Address

Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA

Website

https://www.iochpe-maxion.com.br

Iochpe-Maxion SA is a Brazilian company involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The company is a world leader in the production of automotive wheels. It has nearly 30 manufacturing facilities located globally and has customers worldwide and operates through three divisions; Maxion Wheels, Maxion Structural Components, and Amsted-Maxion. Maxion Wheels produces and markets a wide range of steel wheels, Maxion Structural Components, we produce struts, sleepers, and chassis assembled for light vehicles and Amsted-Maxion produces freight wagons, railway wheels and castings.