Industrias PenolesB de CV (Industrias PenolesB de CV) ROCE % : 0.45% (As of Mar. 2024)

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What is Industrias PenolesB de CV 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. Industrias PenolesB de CV's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.45%.

Industrias PenolesB de CV ROCE % Historical Data

The historical data trend for Industrias PenolesB de CV'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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Industrias PenolesB de CV ROCE % Chart

Industrias PenolesB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.27

4.92

11.49

4.43

1.58

Industrias PenolesB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.65	0.07	-2.67	5.26	0.45

Industrias PenolesB de CV ROCE % Calculation

Industrias PenolesB de CV'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 )
	=	138.593	/	( ( (10042.527 - 1385.586)	+	(9979.256 - 1089.768) )	/ 2 )
	=	138.593	/	( (8656.941	+	8889.488)	/ 2 )
	=	138.593	/	8773.2145
	=	1.58 %

Industrias PenolesB de CV's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	39.392	/	( ( (9979.256 - 1089.768)	+	(9926.852 - 1121.917) )	/ 2 )
	=	39.392	/	( ( 8889.488	+	8804.935 )	/ 2 )
	=	39.392	/	8847.2115
	=	0.45 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Industrias PenolesB de CV (OTCPK:IPOAF) 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.

Industrias PenolesB de CV ROCE % Related Terms

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Industrias PenolesB de CV (Industrias PenolesB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Industrias Penoles SAB de CV (OTCPK:IPOAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PE&OLES:Mexico 4FO:Germany

Address

BAL Corporate, Calzada Legaria No. 549, Torre 2 Colonia 10 de abril Delegacion Miguel Hida, Mexico City, DF, MEX, 11250

Website

http://www.penoles.com.mx

Industrias Penoles SAB de CV is a mining group with integrated operations in smelting and refining nonferrous metals and producing chemicals. The company is one of the world's largest producers of refined silver and America's largest producer of metallic bismuth. It is one of the largest producers of refined gold and lead in Latin America, and among the largest zinc and sodium sulfate producers worldwide. The majority of Industrias Penoles' sales are made abroad, making it one of Mexico's main export companies.

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