Miquel y Costas & Miquel (MEX:MCMN) ROCE % : 18.24% (As of Jun. 2024)

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What is Miquel y Costas & Miquel 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. Miquel y Costas & Miquel's annualized ROCE % for the quarter that ended in Jun. 2024 was 18.24%.

Miquel y Costas & Miquel ROCE % Historical Data

The historical data trend for Miquel y Costas & Miquel'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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Miquel y Costas & Miquel ROCE % Chart

Miquel y Costas & Miquel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.45

18.07

18.26

10.41

13.98

Miquel y Costas & Miquel 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															11.74	9.14	16.23	12.55	18.24

Miquel y Costas & Miquel ROCE % Calculation

Miquel y Costas & Miquel'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 )
	=	1046.832	/	( ( (9310.331 - 1603.195)	+	(8601.927 - 1334.579) )	/ 2 )
	=	1046.832	/	( (7707.136	+	7267.348)	/ 2 )
	=	1046.832	/	7487.242
	=	13.98 %

Miquel y Costas & Miquel'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 )
	=	1428.416	/	( ( (8601.927 - 1334.579)	+	(9946.988 - 1551.766) )	/ 2 )
	=	1428.416	/	( ( 7267.348	+	8395.222 )	/ 2 )
	=	1428.416	/	7831.285
	=	18.24 %

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

Miquel y Costas & Miquel (MEX:MCMN) 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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Miquel y Costas & Miquel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Miquel y Costas & Miquel SA (MEX:MCMN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0O6D:UK MCM:Spain MQ4:Germany

Address

Tuset 8-10, 7a Planta, Barcelona, ESP, 08006

Website

http://www.miquelycostas.com

Miquel y Costas & Miquel SA is operating in the paper industry. The principal line of business is the manufacturing and distribution of fine and specialty lightweight papers, with the main specialization being cigarette papers. Its product portfolio consists of rolling papers, printing papers, specialty papers and textile pulps. The company's products are distributed both domestically and abroad.

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