COSUMAR (CAS:CSR) ROCE % : 20.33% (As of Jun. 2024)

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What is COSUMAR 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. COSUMAR's annualized ROCE % for the quarter that ended in Jun. 2024 was 20.33%.

COSUMAR ROCE % Historical Data

The historical data trend for COSUMAR'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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COSUMAR ROCE % Chart

COSUMAR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.50

22.77

20.49

19.55

19.98

COSUMAR Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															19.97	20.08	20.12	21.40	20.33

COSUMAR ROCE % Calculation

COSUMAR'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 )
	=	1374.7	/	( ( (11986.1 - 5272.9)	+	(14387.9 - 7340) )	/ 2 )
	=	1374.7	/	( (6713.2	+	7047.9)	/ 2 )
	=	1374.7	/	6880.55
	=	19.98 %

COSUMAR's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	1370	/	( ( (14387.9 - 7340)	+	(13408 - 6980.5) )	/ 2 )
	=	1370	/	( ( 7047.9	+	6427.5 )	/ 2 )
	=	1370	/	6737.7
	=	20.33 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

COSUMAR (CAS:CSR) 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.

COSUMAR ROCE % Related Terms

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COSUMAR Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » COSUMAR SA (CAS:CSR) » Definitions » ROCE %

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Address

8 rue Mouatamid Ibnou Abbad, BP 3098 Roches Noires, Casablanca, MAR

Website

https://www.cosumar.co.ma

COSUMAR SA is a Moroccan company specializing in sugar extraction, refining, and sugar packaging. The company's product portfolio includes sugar loaves, the lump, granulated sugar, ingots, pellets, bagasse, and molasses.