Comcm Constanta (BSE:CMCM) ROCE % : 47.12% (As of Mar. 2023)

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What is Comcm Constanta 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. Comcm Constanta's annualized ROCE % for the quarter that ended in Mar. 2023 was 47.12%.

Comcm Constanta ROCE % Historical Data

The historical data trend for Comcm Constanta'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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Comcm Constanta ROCE % Chart

Comcm Constanta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.95

-2.75

-5.30

-5.00

51.21

Comcm Constanta Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.98	-1.38	-12.36	47.12	-

Comcm Constanta ROCE % Calculation

Comcm Constanta'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 )
	=	35.807	/	( ( (132.27 - 52.855)	+	(60.562 - 0.12) )	/ 2 )
	=	35.807	/	( (79.415	+	60.442)	/ 2 )
	=	35.807	/	69.9285
	=	51.21 %

Comcm Constanta'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 )
	=	39.32	/	( ( (132.27 - 52.855)	+	(142.035 - 54.571) )	/ 2 )
	=	39.32	/	( ( 79.415	+	87.464 )	/ 2 )
	=	39.32	/	83.4395
	=	47.12 %

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

Comcm Constanta (BSE:CMCM) 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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Comcm Constanta (BSE:CMCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Comcm SA Constanta (BSE:CMCM) » Definitions » ROCE %

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Address

Bulevardul Aurel Vlaicu 144, Constanta, ROU, 900498

Website

http://www.comcm.ro

Comcm SA Constanta is engaged in the manufacture of concrete, and as auxiliary activities: industrial production for constructions, civil constructions of quarry products, rebars, and prefabricated products. As civil engineering and industrial construction activities. Its main activity is the rental of machinery, but also the extraction and sorting of sand.