Martinrea International (TSX:MRE) ROCE % : 3.92% (As of Dec. 2023)

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What is Martinrea International 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. Martinrea International's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.92%.

Martinrea International ROCE % Historical Data

The historical data trend for Martinrea International'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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Martinrea International ROCE % Chart

Martinrea International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.16

0.88

3.37

8.77

10.24

Martinrea International 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															10.68	11.48	11.63	12.79	3.92

Martinrea International ROCE % Calculation

Martinrea International'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 )
	=	277.48	/	( ( (4143.119 - 1422.365)	+	(3989.73 - 1292.773) )	/ 2 )
	=	277.48	/	( (2720.754	+	2696.957)	/ 2 )
	=	277.48	/	2708.8555
	=	10.24 %

Martinrea International'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 )
	=	108.54	/	( ( (4319.769 - 1483.841)	+	(3989.73 - 1292.773) )	/ 2 )
	=	108.54	/	( ( 2835.928	+	2696.957 )	/ 2 )
	=	108.54	/	2766.4425
	=	3.92 %

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

Martinrea International (TSX:MRE) 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.

Martinrea International ROCE % Related Terms

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Martinrea International (TSX:MRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Martinrea International Inc (TSX:MRE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MRETF:USA 03M:Germany

Address

3210 Langstaff Road, Vaughan, ON, CAN, L4K 5B2

Website

https://www.martinrea.com

Martinrea International Inc is a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea's products in North America.

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