Riba Mundo Tecnologia (MIL:RMT) ROCE % : 15.17% (As of Jun. 2024)

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What is Riba Mundo Tecnologia 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. Riba Mundo Tecnologia's annualized ROCE % for the quarter that ended in Jun. 2024 was 15.17%.

Riba Mundo Tecnologia ROCE % Historical Data

The historical data trend for Riba Mundo Tecnologia'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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Riba Mundo Tecnologia ROCE % Chart

Riba Mundo Tecnologia Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

53.01

64.40

52.42

17.53

Riba Mundo Tecnologia Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			81.47	41.32	19.03	15.77	15.17

Riba Mundo Tecnologia ROCE % Calculation

Riba Mundo Tecnologia'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 )
	=	6.097	/	( ( (73.655 - 51.984)	+	(109.012 - 61.126) )	/ 2 )
	=	6.097	/	( (21.671	+	47.886)	/ 2 )
	=	6.097	/	34.7785
	=	17.53 %

Riba Mundo Tecnologia'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 )
	=	6.86	/	( ( (109.012 - 61.126)	+	(97.482 - 54.953) )	/ 2 )
	=	6.86	/	( ( 47.886	+	42.529 )	/ 2 )
	=	6.86	/	45.2075
	=	15.17 %

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

Riba Mundo Tecnologia (MIL:RMT) 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.

Riba Mundo Tecnologia ROCE % Related Terms

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Riba Mundo Tecnologia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Riba Mundo Tecnologia SA (MIL:RMT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street under project N7 sector 10-2, Loriguilla, Valencia, ESP, 46393

Website

https://www.ribamundotecnologia.es

Riba Mundo Tecnologia SA is a tech company with legal, operational, and logistics in Valencia, Spain. Currently, the company buys and sells internationally in the B2B segment in the consumer electronics sector. Its business model is based on Omnichannel, Flexibility and Globality. The company has three main operating segments which include Smartphones, Tablets, and Headphones. The majority of the revenue derives from the sale of Mobile phones.