Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) ROCE % : 20.67% (As of Jun. 2024)

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What is Corporacion Interamericana de EntretenimientoB 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. Corporacion Interamericana de EntretenimientoB de CV's annualized ROCE % for the quarter that ended in Jun. 2024 was 20.67%.

Corporacion Interamericana de EntretenimientoB de CV ROCE % Historical Data

The historical data trend for Corporacion Interamericana de EntretenimientoB 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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Corporacion Interamericana de EntretenimientoB de CV ROCE % Chart

Corporacion Interamericana de EntretenimientoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.20

-20.81

6.09

14.26

17.59

Corporacion Interamericana de EntretenimientoB de CV Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															9.22	18.02	51.17	14.26	20.67

Corporacion Interamericana de EntretenimientoB de CV ROCE % Calculation

Corporacion Interamericana de EntretenimientoB 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 )
	=	1681.097	/	( ( (13705.24 - 3305.519)	+	(14089.065 - 5374.654) )	/ 2 )
	=	1681.097	/	( (10399.721	+	8714.411)	/ 2 )
	=	1681.097	/	9557.066
	=	17.59 %

Corporacion Interamericana de EntretenimientoB de CV'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	1748.708	/	( ( (13879.786 - 5206.457)	+	(13563.622 - 5319.944) )	/ 2 )
	=	1748.708	/	( ( 8673.329	+	8243.678 )	/ 2 )
	=	1748.708	/	8458.5035
	=	20.67 %

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

Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) 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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Corporacion Interamericana de EntretenimientoB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corporacion Interamericana de Entretenimiento SAB de CV (MEX:CIEB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Industria Militar S/N, Residencial Militar, Mexico DF, MEX, 11600

Website

http://www.cie.com.mx

Corporacion Interamericana de Entretenimiento SAB de CV is a Mexico-based company engaged in the business of providing entertainment services in Latin America and worldwide. It offers a wide Range of entertainment options to a variety of audiences and budgets in large- and medium-sized cities. Its services include concerts, theatrical productions, sporting events, family events and cultural events, among others. In addition, it operates an amusement park in Colombia.

Corporacion Interamericana de EntretenimientoB de CV Headlines

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