CemexB de CV (CemexB de CV) ROCE % : 8.82% (As of Sep. 2023)

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What is CemexB 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. CemexB de CV's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.82%.

CemexB de CV ROCE % Historical Data

The historical data trend for CemexB 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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CemexB de CV ROCE % Chart

CemexB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.09

-2.22

7.55

5.68

9.51

CemexB de CV 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															-1.65	9.03	11.48	8.82	7.03

CemexB de CV ROCE % Calculation

CemexB de CV'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 )
	=	2024	/	( ( (26447 - 5546)	+	(28433 - 6786) )	/ 2 )
	=	2024	/	( (20901	+	21647)	/ 2 )
	=	2024	/	21274
	=	9.51 %

CemexB de CV's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1937.74	/	( ( (27961.648 - 5921.412)	+	(27658.616 - 5736.537) )	/ 2 )
	=	1937.74	/	( ( 22040.236	+	21922.079 )	/ 2 )
	=	1937.74	/	21981.1575
	=	8.82 %

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

CemexB de CV (OTCPK:CXMSF) 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.

CemexB de CV ROCE % Related Terms

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CemexB de CV (CemexB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cemex SAB de CV (OTCPK:CXMSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CX:USA CEMEXCPO:Mexico CEXB:Germany CEXA:Germany CEXB:Germany CEXA:Germany CX:Argentina

Address

Avenida Ricardo Margain Zozaya No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265

Website

https://www.cemex.com

Cemex SAB de CV is a ready-mix concrete company and one of the aggregates companies in the world. In 2021, the company sold roughly 67 million tons of cement, 49.2 million cubic meters of ready-mix, and 135 million tons of aggregates. As of Dec. 31, 2021, the company had an annual cement production capacity of roughly 88.5 million tons.