Controladora NemakB De CV (MEX:NMKA) ROCE % : 1.31% (As of Sep. 2021)

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What is Controladora NemakB 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. Controladora NemakB De CV's annualized ROCE % for the quarter that ended in Sep. 2021 was 1.31%.

Controladora NemakB De CV ROCE % Historical Data

The historical data trend for Controladora NemakB 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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Controladora NemakB De CV ROCE % Chart

Controladora NemakB De CV Annual Data

Trend

Dec17

Dec18

Dec19

ROCE %

9.33

10.95

7.95

Controladora NemakB De CV Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21
ROCE %	Get a 7-Day Free Trial					-	12.73	8.64	9.18	1.31

Controladora NemakB De CV ROCE % Calculation

Controladora NemakB De CV's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	5171	/	( ( (93258 - 26544)	+	(88744 - 25332) )	/ 2 )
	=	5171	/	( (66714	+	63412)	/ 2 )
	=	5171	/	65063
	=	7.95 %

Controladora NemakB De CV's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	947.488	/	( ( (108409.621 - 31036.726)	+	(99176.776 - 31642.55) )	/ 2 )
	=	947.488	/	( ( 77372.895	+	67534.226 )	/ 2 )
	=	947.488	/	72453.5605
	=	1.31 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

Controladora NemakB De CV (MEX:NMKA) 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.

Controladora NemakB De CV ROCE % Related Terms

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Controladora NemakB De CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Controladora Nemak SAB De CV (MEX:NMKA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Librameinto Arco Vial Km 3.8, Garcia, NL, MEX, 66000

Website

https://www.nemak.com

Controladora Nemak SAB De CV manufactures and markets lightweighting solutions for the Automotive industry. The company specializes in the development of aluminum components for powertrain and body structure applications. The product portfolio includes cylinder heads, engine blocks, transmission cases, shock towers, subframes, battery housings, and other products.

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