Aluminium du Maroc (CAS:ALM) ROCE % : 8.98% (As of Dec. 2023)

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What is Aluminium du Maroc 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. Aluminium du Maroc's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.98%.

Aluminium du Maroc ROCE % Historical Data

The historical data trend for Aluminium du Maroc'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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Aluminium du Maroc ROCE % Chart

Aluminium du Maroc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.86

7.99

15.03

10.74

8.29

Aluminium du Maroc Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															16.37	14.97	4.85	8.43	8.98

Aluminium du Maroc ROCE % Calculation

Aluminium du Maroc'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 )
	=	84.2	/	( ( (1363 - 220.5)	+	(1145.43 - 256.39) )	/ 2 )
	=	84.2	/	( (1142.5	+	889.04)	/ 2 )
	=	84.2	/	1015.77
	=	8.29 %

Aluminium du Maroc's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	81.33	/	( ( (1229.669 - 307.21)	+	(1145.43 - 256.39) )	/ 2 )
	=	81.33	/	( ( 922.459	+	889.04 )	/ 2 )
	=	81.33	/	905.7495
	=	8.98 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Aluminium du Maroc (CAS:ALM) 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.

Aluminium du Maroc ROCE % Related Terms

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Aluminium du Maroc (CAS:ALM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminium du Maroc (CAS:ALM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Zone - Tetouan Road, BP 324, Tangier, MAR, 90000

Website

http://www.aluminiumdumaroc.com

Aluminium du Maroc is engaged in design and manufacture of aluminum alloy profiles for building and industry. The company's products portfolio includes sliders, doors, roofing, facades, pool barrier, strikes, bodyguards, shutters, and portals.

Aluminium du Maroc (CAS:ALM) Headlines

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