SODEP -Marsa Maroc (CAS:MSA) ROCE % : 17.44% (As of Dec. 2023)

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What is SODEP -Marsa 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. SODEP -Marsa Maroc's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.44%.

SODEP -Marsa Maroc ROCE % Historical Data

The historical data trend for SODEP -Marsa 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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SODEP -Marsa Maroc ROCE % Chart

SODEP -Marsa Maroc Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.09

13.60

17.24

19.47

19.80

SODEP -Marsa Maroc Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											18.74	20.71	18.67	22.83	17.44

SODEP -Marsa Maroc ROCE % Calculation

SODEP -Marsa 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 )
	=	1356.017	/	( ( (8059.852 - 1216.859)	+	(7890.78 - 1036.961) )	/ 2 )
	=	1356.017	/	( (6842.993	+	6853.819)	/ 2 )
	=	1356.017	/	6848.406
	=	19.80 %

SODEP -Marsa 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 )
	=	1175.016	/	( ( (8381.888 - 1761.52)	+	(7890.78 - 1036.961) )	/ 2 )
	=	1175.016	/	( ( 6620.368	+	6853.819 )	/ 2 )
	=	1175.016	/	6737.0935
	=	17.44 %

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

SODEP -Marsa Maroc (CAS:MSA) 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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SODEP -Marsa Maroc (CAS:MSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SODEP -Marsa Maroc SA (CAS:MSA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

175, Boulevard Zerktouni, Casablanca, MAR, 20100

Website

https://www.marsamaroc.co.ma

SODEP -Marsa Maroc SA is engaged in the management of port terminals. The company offers its customers, importers and exporters, ship owners and shipping agents, freight forwarders, and logistics companies, a wide range of port logistics services. The services offered fall into two categories: services to ships such as piloting, towing, mooring and refueling; and services to goods which includes basic services like handling on board ships and on the dockside, storing, pointing, weighing, stuffing and unstuffing of containers and other related services. The company's segment consists of container, solid bulk, conventional, liquid bulk, Ro-Ro, passengers.