L agence Automobiliere (XPAR:MLAA) ROCE % : 15.33% (As of Dec. 2020)

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What is L agence Automobiliere 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. L agence Automobiliere's annualized ROCE % for the quarter that ended in Dec. 2020 was 15.33%.

L agence Automobiliere ROCE % Historical Data

The historical data trend for L agence Automobiliere'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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L agence Automobiliere ROCE % Chart

L agence Automobiliere Annual Data

Trend

Dec19

Dec20

ROCE %

31.85

15.33

L agence Automobiliere Semi-Annual Data
	Dec19	Dec20
ROCE %	31.85	15.33

L agence Automobiliere ROCE % Calculation

L agence Automobiliere's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	0.043	/	( ( (0.344 - 0.209)	+	(0.724 - 0.298) )	/ 2 )
	=	0.043	/	( (0.135	+	0.426)	/ 2 )
	=	0.043	/	0.2805
	=	15.33 %

L agence Automobiliere's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Dec. 2019 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Dec. 2019 )		(Q: Dec. 2020 )
	=	0.043	/	( ( (0.344 - 0.209)	+	(0.724 - 0.298) )	/ 2 )
	=	0.043	/	( ( 0.135	+	0.426 )	/ 2 )
	=	0.043	/	0.2805
	=	15.33 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2020) EBIT data.

L agence Automobiliere (XPAR:MLAA) 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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L agence Automobiliere (XPAR:MLAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » L agence Automobiliere SA (XPAR:MLAA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zone Actipolis 1 24A Route Départementale 201, Sausheim, FRA, FR-68390

Website

https://www.agenceauto.com

L agence Automobiliere SA is specialized in the purchase and sale of used vehicles. The company also offers services in financing, insurance, assistance and other. It has over 90 branches located in Europe.

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