Cementos Argos S.A. (Cementos Argos S.A.) ROCE % : 12.44% (As of Sep. 2023)

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What is Cementos Argos S.A. 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. Cementos Argos S.A.'s annualized ROCE % for the quarter that ended in Sep. 2023 was 12.44%.

Cementos Argos S.A. ROCE % Historical Data

The historical data trend for Cementos Argos S.A.'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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Cementos Argos S.A. ROCE % Chart

Cementos Argos S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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5.23

5.02

4.28

7.24

6.10

Cementos Argos S.A. Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															8.02	7.06	6.44	8.72	12.44

Cementos Argos S.A. ROCE % Calculation

Cementos Argos S.A.'s annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	248.306	/	( ( (4965.443 - 884.165)	+	(4878.229 - 822.575) )	/ 2 )
	=	248.306	/	( (4081.278	+	4055.654)	/ 2 )
	=	248.306	/	4068.466
	=	6.10 %

Cementos Argos S.A.'s ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	494.66	/	( ( (4730.472 - 856.135)	+	(5111.856 - 1035.95) )	/ 2 )
	=	494.66	/	( ( 3874.337	+	4075.906 )	/ 2 )
	=	494.66	/	3975.1215
	=	12.44 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Cementos Argos S.A. (GREY:CMTRY) 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.

Cementos Argos S.A. ROCE % Related Terms

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Cementos Argos S.A. (Cementos Argos S.A.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Argos S.A. (GREY:CMTRY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CMTOY:USA PFCEMARGOS.PFD:Columbia CEMARGOS:Columbia

Address

Carrera 53 No. 106 - 280, Centro Empresarial Buenavista, Piso 17, Barranquilla, COL

Website

https://www.argos.co

Cementos Argos S.A. is a cement producing company. In terms of the concrete business it is Colombia's leading producer and the second-largest producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title.

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