Philip Morris CR AS (XPRA:TABAK) ROCE % : 55.58% (As of Dec. 2023)

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What is Philip Morris CR AS 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. Philip Morris CR AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 55.58%.

Philip Morris CR AS ROCE % Historical Data

The historical data trend for Philip Morris CR AS'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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Philip Morris CR AS ROCE % Chart

Philip Morris CR AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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51.26

47.31

48.62

51.33

47.67

Philip Morris CR AS 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															56.73	56.11	57.85	50.75	55.58

Philip Morris CR AS ROCE % Calculation

Philip Morris CR AS'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 )
	=	4280	/	( ( (16401 - 7323)	+	(15902 - 7023) )	/ 2 )
	=	4280	/	( (9078	+	8879)	/ 2 )
	=	4280	/	8978.5
	=	47.67 %

Philip Morris CR AS'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 )
	=	4448	/	( ( (15179 - 8051)	+	(15902 - 7023) )	/ 2 )
	=	4448	/	( ( 7128	+	8879 )	/ 2 )
	=	4448	/	8003.5
	=	55.58 %

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

Philip Morris CR AS (XPRA:TABAK) 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.

Philip Morris CR AS ROCE % Related Terms

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Philip Morris CR AS (XPRA:TABAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Philip Morris CR AS (XPRA:TABAK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TBK:Germany

Address

Karlovo namesti 10, Prague, CZE, 120 00

Website

https://www.philipmorris.cz

Philip Morris CR AS is a Czech Republic-based company active in the tobacco industry. The company is engaged in the production, sale, distribution, and marketing of tobacco products. The company also distributes smoke-free tobacco products under the HEETS name; and IQOS tobacco heating systems and related accessories, as well as cigarettes. It provides its tobacco products primarily under the Marlboro, L&M, Philip Morris, Petra Klasik, Sparta, and Chesterfield brands.

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