Ciments du Maroc (CAS:CMA) ROCE % : 42.29% (As of Dec. 2023)

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What is Ciments du Maroc 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. Ciments du Maroc's annualized ROCE % for the quarter that ended in Dec. 2023 was 42.29%.

Ciments du Maroc ROCE % Historical Data

The historical data trend for Ciments du Maroc'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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Ciments du Maroc ROCE % Chart

Ciments du Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.75

21.28

40.07

33.12

37.08

Ciments du Maroc Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															47.15	38.54	34.28	38.65	42.29

Ciments du Maroc ROCE % Calculation

Ciments du Maroc'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 )
	=	1409.636	/	( ( (4793.279 - 1064.787)	+	(4934.708 - 1061.001) )	/ 2 )
	=	1409.636	/	( (3728.492	+	3873.707)	/ 2 )
	=	1409.636	/	3801.0995
	=	37.08 %

Ciments du Maroc'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1487.682	/	( ( (5114.287 - 1952.319)	+	(4934.708 - 1061.001) )	/ 2 )
	=	1487.682	/	( ( 3161.968	+	3873.707 )	/ 2 )
	=	1487.682	/	3517.8375
	=	42.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Ciments du Maroc (CAS:CMA) 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.

Ciments du Maroc ROCE % Related Terms

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Ciments du Maroc (CAS:CMA) Business Description

Industry

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Comparable Companies

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Address

621. Boulevard Panoramique, Casablanca, MAR, 20150

Website

http://www.cimentsdumaroc.com

Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.