Cemex Latam Holdings (BOG:CLH) ROCE % : 3.35% (As of Mar. 2023)

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What is Cemex Latam Holdings 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. Cemex Latam Holdings's annualized ROCE % for the quarter that ended in Mar. 2023 was 3.35%.

Cemex Latam Holdings ROCE % Historical Data

The historical data trend for Cemex Latam Holdings'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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Cemex Latam Holdings ROCE % Chart

Cemex Latam Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.60

3.33

-1.20

3.57

-2.28

Cemex Latam Holdings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															5.11	0.27	7.07	-23.39	3.35

Cemex Latam Holdings ROCE % Calculation

Cemex Latam Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-179322.429	/	( ( (9415787.976 - 1254980.692)	+	(8751157.757 - 1198816.631) )	/ 2 )
	=	-179322.429	/	( (8160807.284	+	7552341.126)	/ 2 )
	=	-179322.429	/	7856574.205
	=	-2.28 %

Cemex Latam Holdings's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	257932.164	/	( ( (8751157.757 - 1198816.631)	+	(9074663.53 - 1207713.216) )	/ 2 )
	=	257932.164	/	( ( 7552341.126	+	7866950.314 )	/ 2 )
	=	257932.164	/	7709645.72
	=	3.35 %

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

Cemex Latam Holdings (BOG:CLH) 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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Cemex Latam Holdings (BOG:CLH) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cemex Latam Holdings SA (BOG:CLH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Calle 99 Edificio 100 Piso 7, No. 9A - 54, Bogota, Cundinamarca, COL

Website

https://www.cemexlatam.com

Cemex Latam Holdings SA manufactures and sells cement, aggregates, ready-mix concrete, and mortar. The company's customers include the housing and commercial construction industries as well as the infrastructure building industry. The firm also owns a chain of hardware retail stores, which it uses to distribute its products. Cemex organizes itself into four segments based on product: Cement, Concrete, Aggregates, and Other products. The majority of revenue is derived from the cement segment. The company sells its products throughout Central America, Mexico, and South America. The majority of revenue comes from Colombia.