Cia Electro Metalurgica (XSGO:ELECMETAL) ROCE % : 10.66% (As of Mar. 2024)

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What is Cia Electro Metalurgica 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. Cia Electro Metalurgica's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.66%.

Cia Electro Metalurgica ROCE % Historical Data

The historical data trend for Cia Electro Metalurgica'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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Cia Electro Metalurgica ROCE % Chart

Cia Electro Metalurgica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.94

5.82

7.35

7.59

7.99

Cia Electro Metalurgica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.78	10.09	10.13	6.69	10.66

Cia Electro Metalurgica ROCE % Calculation

Cia Electro Metalurgica'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 )
	=	88696.532	/	( ( (1603190.534 - 512072.844)	+	(1535723.83 - 407543.64) )	/ 2 )
	=	88696.532	/	( (1091117.69	+	1128180.19)	/ 2 )
	=	88696.532	/	1109648.94
	=	7.99 %

Cia Electro Metalurgica's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	124523.78	/	( ( (1535723.83 - 407543.64)	+	(1607554.173 - 399325.014) )	/ 2 )
	=	124523.78	/	( ( 1128180.19	+	1208229.159 )	/ 2 )
	=	124523.78	/	1168204.6745
	=	10.66 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Cia Electro Metalurgica (XSGO:ELECMETAL) 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.

Cia Electro Metalurgica ROCE % Related Terms

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Cia Electro Metalurgica (XSGO:ELECMETAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cia Electro Metalurgica SA (XSGO:ELECMETAL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Av. Andres Bello 2233, 11th and 12th floors, Providencia, Santiago, CHL

Website

http://www.elecmetal.cl

Cia Electro Metalurgica SA is the supplier of integrated wear solutions for mining, construction, and industry. The company has diversified its operations into the following segments, being Metallurgical, Glass Containers, Wines, Media, Electric Generation, and Investments. The metallurgical segment which generates maximum revenue for the company engages in the manufacturing and marketing of wear parts for crushing, grinding, and earthworks for mining and other industries. The Glass Containers segment is engaged in the manufacturing and marketing of glass containers for wine, beers, soft drinks, liquors, food, and laboratories. The Wine segment produces and markets wines and spirits. The Media segment includes written press and editorials.

Cia Electro Metalurgica (XSGO:ELECMETAL) Headlines

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