Morixe Hermanos (BUE:MORI) ROCE % : 59.54% (As of Dec. 2023)

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What is Morixe Hermanos 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. Morixe Hermanos's annualized ROCE % for the quarter that ended in Dec. 2023 was 59.54%.

Morixe Hermanos ROCE % Historical Data

The historical data trend for Morixe Hermanos'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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Morixe Hermanos ROCE % Chart

Morixe Hermanos Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

ROCE %

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-11.80

22.61

9.06

13.40

13.30

Morixe Hermanos Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Dec23
ROCE %	Get a 7-Day Free Trial															19.72	12.66	98.21	3.16	59.54

Morixe Hermanos ROCE % Calculation

Morixe Hermanos's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	1003.182	/	( ( (6268.215 - 2455.842)	+	(21835.278 - 10562.484) )	/ 2 )
	=	1003.182	/	( (3812.373	+	11272.794)	/ 2 )
	=	1003.182	/	7542.5835
	=	13.30 %

Morixe Hermanos'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: Aug. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Aug. 2023 )		(Q: Dec. 2023 )
	=	8271.344	/	( ( (22820.535 - 8928.539)	+	(0 - 0) )	/ 1 )
	=	8271.344	/	( ( 13891.996	+	0 )	/ 1 )
	=	8271.344	/	13891.996
	=	59.54 %

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

Morixe Hermanos (BUE:MORI) 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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Morixe Hermanos (BUE:MORI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morixe Hermanos SA (BUE:MORI) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Federico Garcia Lorca 234, Buenos Aires, ARG, 1405

Website

https://www.morixe.com.ar

Morixe Hermanos SA operates in the Argentine mill industry. The company is engaged in the milling, industrialization, conditioning, buying and selling, import and export of flour, semolina, agricultural raw materials, by-products and derivatives.

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