Grupo ElektraB de CV (XMAD:XEKT) ROCE % : 8.37% (As of Dec. 2023)

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What is Grupo ElektraB de CV 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. Grupo ElektraB de CV's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.37%.

Grupo ElektraB de CV ROCE % Historical Data

The historical data trend for Grupo ElektraB de CV'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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Grupo ElektraB de CV ROCE % Chart

Grupo ElektraB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.63

1.21

16.51

-4.27

11.07

Grupo ElektraB de CV 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															6.32	25.33	3.44	8.37	11.59

Grupo ElektraB de CV ROCE % Calculation

Grupo ElektraB de CV'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 )
	=	792.618	/	( ( (20574.191 - 13815.206)	+	(23998.264 - 16437.29) )	/ 2 )
	=	792.618	/	( (6758.985	+	7560.974)	/ 2 )
	=	792.618	/	7159.9795
	=	11.07 %

Grupo ElektraB de CV'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	628.972	/	( ( (23590.358 - 16122.994)	+	(23998.264 - 16437.29) )	/ 2 )
	=	628.972	/	( ( 7467.364	+	7560.974 )	/ 2 )
	=	628.972	/	7514.169
	=	8.37 %

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

Grupo ElektraB de CV (XMAD:XEKT) 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.

Grupo ElektraB de CV ROCE % Related Terms

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Grupo ElektraB de CV (XMAD:XEKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Grupo Elektra SAB de CV (XMAD:XEKT) » Definitions » ROCE %

Traded in Other Exchanges

ELEKTRA:Mexico GE7C:Germany

Address

Av Ferrocarril de Rio Frio, N 419-CJ Col Fraccionamiento, Industrial del Moral, Mexico DF, MEX

Website

http://www.grupoelektra.com.mx

Grupo Elektra SAB de CV is a Mexican specialty retailer and financial services provider. It operates in South and Central America and the United States. The firm's main customers are found at the base of the socioeconomic pyramid. The firm's operations are split into the commercial division and the financial division. The commercial division offers electronics, appliances, and furniture, among other things. The financial division includes Banco Azteca (Mexico, Guatemala, El Salvador, Honduras, Peru), Advance America (U.S.), Afore Azteca, Seguros Azteca, and Punto Casa de Bolsa.

Grupo ElektraB de CV (XMAD:XEKT) Headlines

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