Martin Marietta Materials (FRA:MMX) ROCE % : 40.50% (As of Mar. 2024)

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What is Martin Marietta Materials 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. Martin Marietta Materials's annualized ROCE % for the quarter that ended in Mar. 2024 was 40.50%.

Martin Marietta Materials ROCE % Historical Data

The historical data trend for Martin Marietta Materials'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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Martin Marietta Materials ROCE % Chart

Martin Marietta Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.83

9.95

8.68

9.57

11.89

Martin Marietta Materials 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															6.25	14.01	16.98	10.93	40.50

Martin Marietta Materials ROCE % Calculation

Martin Marietta Materials'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 )
	=	1520.478	/	( ( (14153.958 - 1364.646)	+	(13869.533 - 1073.073) )	/ 2 )
	=	1520.478	/	( (12789.312	+	12796.46)	/ 2 )
	=	1520.478	/	12792.886
	=	11.89 %

Martin Marietta Materials'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 )
	=	5350.72	/	( ( (13869.533 - 1073.073)	+	(14940.8 - 1314.68) )	/ 2 )
	=	5350.72	/	( ( 12796.46	+	13626.12 )	/ 2 )
	=	5350.72	/	13211.29
	=	40.50 %

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

Martin Marietta Materials (FRA:MMX) 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.

Martin Marietta Materials ROCE % Related Terms

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Martin Marietta Materials (FRA:MMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Martin Marietta Materials Inc (FRA:MMX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MLM:USA MLM:Mexico M1LM34:Brazil

Address

4123 Parklake Avenue, Raleigh, NC, USA, 27612

Website

https://www.martinmarietta.com

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2022, Martin Marietta sold 207 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.