CMT - Compagnie Miniere de Touissit (CAS:CMT) ROCE % : 19.24% (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is CMT - Compagnie Miniere de Touissit 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. CMT - Compagnie Miniere de Touissit's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.24%.

CMT - Compagnie Miniere de Touissit ROCE % Historical Data

The historical data trend for CMT - Compagnie Miniere de Touissit'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.

* Premium members only.

CMT - Compagnie Miniere de Touissit ROCE % Chart

CMT - Compagnie Miniere de Touissit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

26.93

17.20

19.89

25.03

20.42

CMT - Compagnie Miniere de Touissit Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															26.52	21.59	33.62	23.46	19.24

CMT - Compagnie Miniere de Touissit ROCE % Calculation

CMT - Compagnie Miniere de Touissit'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 )
	=	269.083	/	( ( (1426.2 - 116.726)	+	(1564.583 - 239.144) )	/ 2 )
	=	269.083	/	( (1309.474	+	1325.439)	/ 2 )
	=	269.083	/	1317.4565
	=	20.42 %

CMT - Compagnie Miniere de Touissit'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	243.362	/	( ( (1427.964 - 223.954)	+	(1564.583 - 239.144) )	/ 2 )
	=	243.362	/	( ( 1204.01	+	1325.439 )	/ 2 )
	=	243.362	/	1264.7245
	=	19.24 %

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

CMT - Compagnie Miniere de Touissit (CAS:CMT) 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.

CMT - Compagnie Miniere de Touissit ROCE % Related Terms

Thank you for viewing the detailed overview of CMT - Compagnie Miniere de Touissit's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

CMT - Compagnie Miniere de Touissit (CAS:CMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CMT - Compagnie Miniere de Touissit (CAS:CMT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alafak housing estate, lot No. 449-450, Sigma building, 5th floor, Compagnie Miniere de Touissit, La Colline, Sidi Maarouf, Casablanca, MAR, CP 20 270

Website

http://www.miniere-touissit.com

CMT - Compagnie Miniere de Touissit is engaged in the production of high-quality silver lead concentrates. It also produces silver zinc concentrates. Established in Eastern Morocco and then in the Middle Atlas, it currently operates the Tighza Mine, in Morocco.