Cematrix (Cematrix) ROCE % : 27.57% (As of Dec. 2023)

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What is Cematrix 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. Cematrix's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.57%.

Cematrix ROCE % Historical Data

The historical data trend for Cematrix'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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Cematrix ROCE % Chart

Cematrix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.61

-43.17

-5.30

-14.54

7.15

Cematrix Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-20.35	-18.71	-14.79	34.88	27.57

Cematrix ROCE % Calculation

Cematrix'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 )
	=	1.632	/	( ( (30.046 - 7.483)	+	(29.278 - 6.198) )	/ 2 )
	=	1.632	/	( (22.563	+	23.08)	/ 2 )
	=	1.632	/	22.8215
	=	7.15 %

Cematrix'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	6.236	/	( ( (29.058 - 6.901)	+	(29.278 - 6.198) )	/ 2 )
	=	6.236	/	( ( 22.157	+	23.08 )	/ 2 )
	=	6.236	/	22.6185
	=	27.57 %

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

Cematrix (OTCPK:CTXXF) 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.

Cematrix ROCE % Related Terms

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Cematrix (Cematrix) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cematrix Corp (OTCPK:CTXXF) » Definitions » ROCE %

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CVX:Canada

Address

9727 - 40 Street SE, Calgary, AB, CAN, T2C 2P4

Website

http://www.cematrix.com

Cematrix Corp manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas), and commercial markets. The company is North America's Cellular Concrete company and recently acquired Chicago-based MixOnSite and Bellingham-based Pacific International Grout.