Risma (CAS:RIS) ROCE % : 8.05% (As of Jun. 2023)

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What is Risma 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. Risma's annualized ROCE % for the quarter that ended in Jun. 2023 was 8.05%.

Risma ROCE % Historical Data

The historical data trend for Risma'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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Risma ROCE % Chart

Risma Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.32

9.70

-8.24

-2.19

7.28

Risma Semi-Annual Data
	Jun13	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-6.05	1.63	4.08	10.46	8.05

Risma ROCE % Calculation

Risma'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 )
	=	230.022	/	( ( (3616.833 - 657.196)	+	(4173.384 - 816.613) )	/ 2 )
	=	230.022	/	( (2959.637	+	3356.771)	/ 2 )
	=	230.022	/	3158.204
	=	7.28 %

Risma's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	269.916	/	( ( (4173.384 - 816.613)	+	(4237.487 - 892.047) )	/ 2 )
	=	269.916	/	( ( 3356.771	+	3345.44 )	/ 2 )
	=	269.916	/	3351.1055
	=	8.05 %

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

Risma (CAS:RIS) 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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Risma (CAS:RIS) Business Description

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Address

97, Boulevard Massira El Khadra, 5th floor, Casablanca, MAR

Website

http://www.risma.com

Risma SA is a tourist operator in Morocco. The company engages in acquisition. construction and running of hotels and tourist facilities in Morocco.

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