Total Energies Marketing Maroc (CAS:TMA) ROCE % : 44.44% (As of Jun. 2024)

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What is Total Energies Marketing Maroc 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. Total Energies Marketing Maroc's annualized ROCE % for the quarter that ended in Jun. 2024 was 44.44%.

Total Energies Marketing Maroc ROCE % Historical Data

The historical data trend for Total Energies Marketing Maroc'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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Total Energies Marketing Maroc ROCE % Chart

Total Energies Marketing Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.57

24.62

40.43

19.68

13.04

Total Energies Marketing Maroc Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															29.50	10.57	10.39	16.90	44.44

Total Energies Marketing Maroc ROCE % Calculation

Total Energies Marketing Maroc'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 )
	=	415.052	/	( ( (9703.32 - 6323.072)	+	(9273.203 - 6285.839) )	/ 2 )
	=	415.052	/	( (3380.248	+	2987.364)	/ 2 )
	=	415.052	/	3183.806
	=	13.04 %

Total Energies Marketing Maroc'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 )
	=	1321.708	/	( ( (9273.203 - 6285.839)	+	(8720.38 - 5758.827) )	/ 2 )
	=	1321.708	/	( ( 2987.364	+	2961.553 )	/ 2 )
	=	1321.708	/	2974.4585
	=	44.44 %

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

Total Energies Marketing Maroc (CAS:TMA) 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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Total Energies Marketing Maroc Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Total Energies Marketing Maroc (CAS:TMA) » Definitions » ROCE %

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Address

146, boulevard Zerktouni, Casablanca, MAR, 20000

Website

https://www.totalenergies.ma

Total Energies Marketing Maroc is an international oil and gas company. It is engaged in trade of oil, shale and their derivatives, greasy substances, simple or compound of mineral or organic origin, essential oils and all by-products of the materials. It engages in research, exploitation of oil fields, the acquisition of interests in existing companies, the purchase and sale of crude oil and finished products, and all industrial, mining, commercial, financial and real estate development.

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