Cementir Holding NV (MIL:CEM) ROCE % : 13.06% (As of Sep. 2024)

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What is Cementir Holding NV 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. Cementir Holding NV's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.06%.

Cementir Holding NV ROCE % Historical Data

The historical data trend for Cementir Holding NV'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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Cementir Holding NV ROCE % Chart

Cementir Holding NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.52

8.98

11.29

13.75

15.30

Cementir Holding NV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															19.59	14.28	6.78	22.03	13.06

Cementir Holding NV ROCE % Calculation

Cementir Holding NV'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 )
	=	303.815	/	( ( (2493.976 - 543.552)	+	(2522.194 - 501.73) )	/ 2 )
	=	303.815	/	( (1950.424	+	2020.464)	/ 2 )
	=	303.815	/	1985.444
	=	15.30 %

Cementir Holding NV's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	277.316	/	( ( (2559.355 - 436.665)	+	(0 - 0) )	/ 1 )
	=	277.316	/	( ( 2122.69	+	0 )	/ 1 )
	=	277.316	/	2122.69
	=	13.06 %

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

Cementir Holding NV (MIL:CEM) 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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Cementir Holding NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementir Holding NV (MIL:CEM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CEMm:UK 0HY2:UK 3PC:Germany

Address

Zuidplein 36, Amsterdam, NH, NLD, 1077 XV

Website

https://www.cementirholding.com

Cementir Holding NV is engaged in operating in the building materials sector and focused on four main business lines: grey cement, white cement, ready-mixed concrete, and aggregates. The Group's geographical areas are: The Nordic & Baltic region includes Denmark, Norway, Sweden, Iceland, Poland, and the white cement operations in Belgium and France. The Belgium region includes the activities of the Compagnie des Ciments Belges S.A. group in Belgium and France. The North America region includes the United States. The Asia Pacific region includes China, Malaysia, and Australia. The Holding and Services include the Parent Company, Spartan Hive and Aalborg Portland Digital, and other smaller companies.