SMI - Ste Metallurgique d'Imiter (CAS:SMI) ROCE % : 22.83% (As of Jun. 2024)

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What is SMI - Ste Metallurgique d'Imiter 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. SMI - Ste Metallurgique d'Imiter's annualized ROCE % for the quarter that ended in Jun. 2024 was 22.83%.

SMI - Ste Metallurgique d'Imiter ROCE % Historical Data

The historical data trend for SMI - Ste Metallurgique d'Imiter'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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SMI - Ste Metallurgique d'Imiter ROCE % Chart

SMI - Ste Metallurgique d'Imiter Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.85

8.88

-4.29

3.49

16.34

SMI - Ste Metallurgique d'Imiter Semi-Annual Data
	Jun14	Dec14	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															5.39	1.61	7.92	24.86	22.83

SMI - Ste Metallurgique d'Imiter ROCE % Calculation

SMI - Ste Metallurgique d'Imiter'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 )
	=	225.302	/	( ( (1505.342 - 189.14)	+	(1688.11 - 246.952) )	/ 2 )
	=	225.302	/	( (1316.202	+	1441.158)	/ 2 )
	=	225.302	/	1378.68
	=	16.34 %

SMI - Ste Metallurgique d'Imiter'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 )
	=	328.356	/	( ( (1688.11 - 246.952)	+	(1833.297 - 397.506) )	/ 2 )
	=	328.356	/	( ( 1441.158	+	1435.791 )	/ 2 )
	=	328.356	/	1438.4745
	=	22.83 %

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

SMI - Ste Metallurgique d'Imiter (CAS:SMI) 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.

SMI - Ste Metallurgique d'Imiter ROCE % Related Terms

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SMI - Ste Metallurgique d'Imiter Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SMI - Ste Metallurgique d'Imiter (CAS:SMI) » Definitions » ROCE %

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Address

Twin Center, Tour A, PO Box 5199, Angle Boulevards Zerktouni et Al Massira Al Khadra, Casablanca, MAR

Website

http://www.managemgroup.com

SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.