Grupo TMM (Grupo TMM) ROCE % : 2.79% (As of Dec. 2023)

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What is Grupo TMM 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 TMM's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.79%.

Grupo TMM ROCE % Historical Data

The historical data trend for Grupo TMM'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 TMM ROCE % Chart

Grupo TMM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.47

-10.31

-7.41

1.17

2.11

Grupo TMM 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															1.65	2.77	1.35	1.16	2.79

Grupo TMM ROCE % Calculation

Grupo TMM'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 )
	=	2.657	/	( ( (179.595 - 62.089)	+	(196.875 - 62.165) )	/ 2 )
	=	2.657	/	( (117.506	+	134.71)	/ 2 )
	=	2.657	/	126.108
	=	2.11 %

Grupo TMM'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 )
	=	3.748	/	( ( (199.152 - 64.987)	+	(196.875 - 62.165) )	/ 2 )
	=	3.748	/	( ( 134.165	+	134.71 )	/ 2 )
	=	3.748	/	134.4375
	=	2.79 %

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

Grupo TMM (OTCPK:GTMAY) 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.

Grupo TMM ROCE % Related Terms

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Grupo TMM (Grupo TMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo TMM SA (OTCPK:GTMAY) » Definitions » ROCE %

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TMMA:Mexico

Address

Paseo de la Reforma No. 296, P.19. Colonia Juarez, Mexico, MEX, 06600

Website

https://www.tmm.com.mx

Grupo TMM SA is an integrated logistics and transportation company in Mexico. It provides dynamic ocean transportation services to various international and domestic clients. The company operates through four segments namely Maritime division, Logistics division, Ports, and terminals division and Warehousing division. The Maritime division includes transportation of bulk liquid products, materials, provisions for drilling platforms, and towing services for ships. The Logistics segment provides trucking services to various manufacturers and retailers. Operations at ports and terminals assist in loading and unloading, storage at maritime port terminals, and shipping agency operations. The warehousing segment includes storage and management of the facilities and bonded warehouses.

Grupo TMM (Grupo TMM) Headlines

From GuruFocus

Grupo TMM Announces Changes in Its Organizational Structure

By Marketwired Marketwired • 01-13-2021

Grupo TMM Announces Appointment of Vanessa Serrano Cuevas as Its New Chief Executive Officer

By Marketwired Marketwired • 09-03-2020

Vanessa Serrano Cuevas Acquires Shares by Donation

By GlobeNewswire GlobeNewswire • 01-19-2021

Grupo TMM Announces That Its 2020 Annual Report and First Quarter of 2021 Results Will Be Published in May

By Marketwired Marketwired • 04-29-2021

Grupo TMM Announces Changes in Its Organizational Structure

By GlobeNewswire GlobeNewswire • 01-13-2021

Vanessa Serrano Cuevas Acquires Shares by Donation

By Marketwired Marketwired • 01-19-2021