Corporacion Mexicana de RestaurantesB de CV (Corporacion Mexicana de RestaurantesB de CV) ROCE % : -32.28% (As of Sep. 2020)

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What is Corporacion Mexicana de RestaurantesB de CV 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. Corporacion Mexicana de RestaurantesB de CV's annualized ROCE % for the quarter that ended in Sep. 2020 was -32.28%.

Corporacion Mexicana de RestaurantesB de CV ROCE % Historical Data

The historical data trend for Corporacion Mexicana de RestaurantesB de CV'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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Corporacion Mexicana de RestaurantesB de CV ROCE % Chart

Corporacion Mexicana de RestaurantesB de CV Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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4.56

3.73

-3.13

-2.43

1.72

Corporacion Mexicana de RestaurantesB de CV Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															0.82	6.62	-4.85	-34.29	-32.28

Corporacion Mexicana de RestaurantesB de CV ROCE % Calculation

Corporacion Mexicana de RestaurantesB de CV's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	2.063	/	( ( (120.382 - 32.803)	+	(239.278 - 86.371) )	/ 2 )
	=	2.063	/	( (87.579	+	152.907)	/ 2 )
	=	2.063	/	120.243
	=	1.72 %

Corporacion Mexicana de RestaurantesB de CV's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-35.08	/	( ( (178.743 - 64.201)	+	(170.962 - 68.188) )	/ 2 )
	=	-35.08	/	( ( 114.542	+	102.774 )	/ 2 )
	=	-35.08	/	108.658
	=	-32.28 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

Corporacion Mexicana de RestaurantesB de CV (GREY:MXRTF) 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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Corporacion Mexicana de RestaurantesB de CV (Corporacion Mexicana de RestaurantesB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Corporacion Mexicana de Restaurantes SAB de CV (GREY:MXRTF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lago Hielmar No 44, Col. Anahuac, Del Miguel Hidalgo, MEX, 11320

Website

http://www.cmr.mx

Corporacion Mexicana de Restaurantes SAB de CV is engaged in casual dining. The company operates more than 100 restaurants throughout Mexico.

Corporacion Mexicana de RestaurantesB de CV (Corporacion Mexicana de RestaurantesB de CV) Headlines

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