Grupo Aeroportuario del Centro NorteB de CV (Grupo Aeroportuario del Centro NorteB de CV) ROCE % : 39.29% (As of Mar. 2023)

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What is Grupo Aeroportuario del Centro NorteB de CV 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. Grupo Aeroportuario del Centro NorteB de CV's annualized ROCE % for the quarter that ended in Mar. 2023 was 39.29%.

Grupo Aeroportuario del Centro NorteB de CV ROCE % Historical Data

The historical data trend for Grupo Aeroportuario del Centro NorteB de CV'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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Grupo Aeroportuario del Centro NorteB de CV ROCE % Chart

Grupo Aeroportuario del Centro NorteB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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31.40

33.35

12.39

26.88

35.68

Grupo Aeroportuario del Centro NorteB de CV Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															30.12	28.39	35.50	43.71	39.29

Grupo Aeroportuario del Centro NorteB de CV ROCE % Calculation

Grupo Aeroportuario del Centro NorteB de CV's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	319.395	/	( ( (1115.781 - 238.98)	+	(1183.319 - 269.749) )	/ 2 )
	=	319.395	/	( (876.801	+	913.57)	/ 2 )
	=	319.395	/	895.1855
	=	35.68 %

Grupo Aeroportuario del Centro NorteB de CV's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	405.108	/	( ( (1183.319 - 269.749)	+	(1295.461 - 146.714) )	/ 2 )
	=	405.108	/	( ( 913.57	+	1148.747 )	/ 2 )
	=	405.108	/	1031.1585
	=	39.29 %

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

Grupo Aeroportuario del Centro NorteB de CV (NAS:OMAB) 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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Grupo Aeroportuario del Centro NorteB de CV (Grupo Aeroportuario del Centro NorteB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Aeroportuario del Centro Norte SAB de CV (NAS:OMAB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GAERF:USA OMAB:Mexico G7A:Germany G7AB:Germany G7A:Germany

Address

Avenue Patriotismo 201, Plaza Metropoli Patriotismo, 5th Floor, Col. San Pedro de los Pinos, Benito Juarez, MEX, MEX, 03800

Website

https://www.oma.aero

Grupo Aeroportuario del Centro Norte operates airports in the central region of Mexico. The largest airport is in Monterrey, which serves nearly half of the company's total passengers. In addition, the company manages two hotels and one industrial park.