Combined Motor Holdings (JSE:CMH) ROCE % : 44.09% (As of Feb. 2024)

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What is Combined Motor Holdings 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. Combined Motor Holdings's annualized ROCE % for the quarter that ended in Feb. 2024 was 44.09%.

Combined Motor Holdings ROCE % Historical Data

The historical data trend for Combined Motor Holdings'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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Combined Motor Holdings ROCE % Chart

Combined Motor Holdings Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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31.32

26.04

39.51

42.35

39.46

Combined Motor Holdings Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															42.10	42.14	42.35	39.10	44.09

Combined Motor Holdings ROCE % Calculation

Combined Motor Holdings's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	836.969	/	( ( (4976.881 - 2891.199)	+	(5185.446 - 3029.045) )	/ 2 )
	=	836.969	/	( (2085.682	+	2156.401)	/ 2 )
	=	836.969	/	2121.0415
	=	39.46 %

Combined Motor Holdings's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	894.426	/	( ( (4796.191 - 2895.004)	+	(5185.446 - 3029.045) )	/ 2 )
	=	894.426	/	( ( 1901.187	+	2156.401 )	/ 2 )
	=	894.426	/	2028.794
	=	44.09 %

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

Combined Motor Holdings (JSE:CMH) 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.

Combined Motor Holdings ROCE % Related Terms

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Combined Motor Holdings (JSE:CMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Combined Motor Holdings Ltd (JSE:CMH) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1 Wilton Crescent, Umhlanga Ridge, Durban, ZAF, 4319

Website

https://www.cmh.co.za

Combined Motor Holdings Ltd is a South Africa-based investment holding company. The company with its subsidiaries is primarily engaged in retail motor, car hire, and financial services. The company operates in four business segments namely Motor retail and distribution segment which comprises of retail motor dealerships of Volvo, Land Rover, Jaguar, Honda, Ford, Mazda, General Motors, Lexus, Mitsubishi, Volkswagen, Toyota, and Morris Garages, among others which also contributes a major part of revenue; Car Hire segment; Financial services segment and, Corporate services and others segment. The majority of its revenue is earned from the South African market.

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