Misr Beni Suef Cement (Lafarge) (CAI:MBSC) ROCE % : 27.75% (As of Dec. 2023)

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What is Misr Beni Suef Cement (Lafarge) 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. Misr Beni Suef Cement (Lafarge)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 27.75%.

Misr Beni Suef Cement (Lafarge) ROCE % Historical Data

The historical data trend for Misr Beni Suef Cement (Lafarge)'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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Misr Beni Suef Cement (Lafarge) ROCE % Chart

Misr Beni Suef Cement (Lafarge) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.43

-2.93

4.54

-16.72

27.75

Misr Beni Suef Cement (Lafarge) Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			2.43	-2.93	4.54	-16.72	27.75

Misr Beni Suef Cement (Lafarge) ROCE % Calculation

Misr Beni Suef Cement (Lafarge)'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 )
	=	254.018	/	( ( (2332.261 - 1343.237)	+	(1465.534 - 623.532) )	/ 2 )
	=	254.018	/	( (989.024	+	842.002)	/ 2 )
	=	254.018	/	915.513
	=	27.75 %

Misr Beni Suef Cement (Lafarge)'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	254.018	/	( ( (2332.261 - 1343.237)	+	(1465.534 - 623.532) )	/ 2 )
	=	254.018	/	( ( 989.024	+	842.002 )	/ 2 )
	=	254.018	/	915.513
	=	27.75 %

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

Misr Beni Suef Cement (Lafarge) (CAI:MBSC) 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.

Misr Beni Suef Cement (Lafarge) ROCE % Related Terms

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Misr Beni Suef Cement (Lafarge) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Misr Beni Suef Cement (Lafarge) SA (CAI:MBSC) » Definitions » ROCE %

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Address

14 El Marwa Street, Behind El Maadi Towers (Othman Towers) Corniche, Beside Family Cinema, Maadi - Cairo, EGY

Website

http://www.mbccegypt.com

Misr Beni Suef Cement (Lafarge) SA manufactures construction materials. It produces and sells Portland cement, clinker, and related materials in Egypt. The company offers its cement packed as bulk cement or bagged cement.