PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM (CAS:PRO) ROCE % : 12.40% (As of Jun. 2024)

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What is PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM 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. PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.40%.

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM ROCE % Historical Data

The historical data trend for PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM'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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PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM ROCE % Chart

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.71

25.54

24.58

23.58

16.18

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													23.13	25.40	15.37	17.32	12.40

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM ROCE % Calculation

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM'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 )
	=	92.432	/	( ( (762.866 - 235.478)	+	(984.532 - 369.483) )	/ 2 )
	=	92.432	/	( (527.388	+	615.049)	/ 2 )
	=	92.432	/	571.2185
	=	16.18 %

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM'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 )
	=	84.512	/	( ( (984.532 - 369.483)	+	(1105.31 - 357.23) )	/ 2 )
	=	84.512	/	( ( 615.049	+	748.08 )	/ 2 )
	=	84.512	/	681.5645
	=	12.40 %

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

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM (CAS:PRO) 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.

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM ROCE % Related Terms

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PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM (CAS:PRO) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Rue N 7, ZI du Sahel, BP 96/97, Berrechid, Had Soualem, MAR, 26400

Website

http://www.promopharm.co.ma

PROMOTION PHARMACEUTIQUE DU MAGHREB PROMOPHARM is engaged in production, marketing, import and export of pharmaceuticals, parapharmaceuticals, dermopharmaceuticals and cosmetics.