Ready Mix Concrete and Construction Supplies (AMM:RMCC) ROCE % : 15.58% (As of Mar. 2024)

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What is Ready Mix Concrete and Construction Supplies 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. Ready Mix Concrete and Construction Supplies's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.58%.

Ready Mix Concrete and Construction Supplies ROCE % Historical Data

The historical data trend for Ready Mix Concrete and Construction Supplies'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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Ready Mix Concrete and Construction Supplies ROCE % Chart

Ready Mix Concrete and Construction Supplies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.81

-12.37

5.44

7.98

18.34

Ready Mix Concrete and Construction Supplies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.43	14.45	27.26	17.25	15.58

Ready Mix Concrete and Construction Supplies ROCE % Calculation

Ready Mix Concrete and Construction Supplies'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 )
	=	5.748	/	( ( (58.472 - 29.027)	+	(56.711 - 23.474) )	/ 2 )
	=	5.748	/	( (29.445	+	33.237)	/ 2 )
	=	5.748	/	31.341
	=	18.34 %

Ready Mix Concrete and Construction Supplies's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	5.2	/	( ( (56.711 - 23.474)	+	(58.959 - 25.461) )	/ 2 )
	=	5.2	/	( ( 33.237	+	33.498 )	/ 2 )
	=	5.2	/	33.3675
	=	15.58 %

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

Ready Mix Concrete and Construction Supplies (AMM:RMCC) 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.

Ready Mix Concrete and Construction Supplies ROCE % Related Terms

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Ready Mix Concrete and Construction Supplies (AMM:RMCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ready Mix Concrete and Construction Supplies (AMM:RMCC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 851602, Amman, JOR, 11185

Website

https://www.kingdomconcrete.jo

Ready Mix Concrete and Construction Supplies are engaged in supplying of ready-mix concrete to the construction industry. The company's project profile includes Hyatt, Sheraton, Holiday Inn, Queen Rania Al Abdullah Hospital for Children, Karak Bridge, Residential Buildings, and others.

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