Mermeren Kombinat AD (ATH:MERKO) ROCE % : 41.06% (As of Mar. 2024)

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What is Mermeren Kombinat AD 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. Mermeren Kombinat AD's annualized ROCE % for the quarter that ended in Mar. 2024 was 41.06%.

Mermeren Kombinat AD ROCE % Historical Data

The historical data trend for Mermeren Kombinat AD'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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Mermeren Kombinat AD ROCE % Chart

Mermeren Kombinat AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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54.68

22.41

39.65

36.60

38.92

Mermeren Kombinat AD Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															23.84	36.39	30.02	52.06	41.06

Mermeren Kombinat AD ROCE % Calculation

Mermeren Kombinat AD'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 )
	=	15.066	/	( ( (42.611 - 1.24)	+	(37.582 - 1.539) )	/ 2 )
	=	15.066	/	( (41.371	+	36.043)	/ 2 )
	=	15.066	/	38.707
	=	38.92 %

Mermeren Kombinat AD's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	14.8	/	( ( (37.582 - 1.539)	+	(0 - 0) )	/ 1 )
	=	14.8	/	( ( 36.043	+	0 )	/ 1 )
	=	14.8	/	36.043
	=	41.06 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Mermeren Kombinat AD (ATH:MERKO) 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.

Mermeren Kombinat AD ROCE % Related Terms

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Mermeren Kombinat AD (ATH:MERKO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mermeren Kombinat AD (ATH:MERKO) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Lece Koteski No.60A, Prilep, MKD, 7500

Website

http://www.mermeren.com

Mermeren Kombinat AD is a company engaged in the mining, processing, and distribution of marble and decorative stones. Its products are used in high-end projects, including mosques, hotels, palaces, commercial and residential buildings, villas and artworks. The business activity of the group functions through Quarry and Factory segments. It generates a vast majority of revenue from the Quarry segment. Geographically, the business presences of the firm are seen in North Macedonia, China, Hong Kong, Greece, Italy, Balkan, and other regions.

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