Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) ROCE % : 18.93% (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Sociedad Minera Cerro VerdeA 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. Sociedad Minera Cerro VerdeA's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.93%.

Sociedad Minera Cerro VerdeA ROCE % Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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.

* Premium members only.

Sociedad Minera Cerro VerdeA ROCE % Chart

Sociedad Minera Cerro VerdeA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

17.60

7.89

27.57

20.19

18.93

Sociedad Minera Cerro VerdeA Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial					17.60	7.89	27.57	20.19	18.93

Sociedad Minera Cerro VerdeA ROCE % Calculation

Sociedad Minera Cerro VerdeA'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 )
	=	1409.99	/	( ( (7993.863 - 564.058)	+	(7930.91 - 460.991) )	/ 2 )
	=	1409.99	/	( (7429.805	+	7469.919)	/ 2 )
	=	1409.99	/	7449.862
	=	18.93 %

Sociedad Minera Cerro VerdeA'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	1409.99	/	( ( (7993.863 - 564.058)	+	(7930.91 - 460.991) )	/ 2 )
	=	1409.99	/	( ( 7429.805	+	7469.919 )	/ 2 )
	=	1409.99	/	7449.862
	=	18.93 %

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

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) 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.

Sociedad Minera Cerro VerdeA ROCE % Related Terms

Thank you for viewing the detailed overview of Sociedad Minera Cerro VerdeA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Avenue Alfonso Ugarte 304, Arequipa, PER

Website

https://www.cerroverde.pe

Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Headlines

No Headlines