Josapar-Joaquim Oliveira Particip (BSP:JOPA3) ROCE % : 13.74% (As of Mar. 2024)

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What is Josapar-Joaquim Oliveira Particip 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. Josapar-Joaquim Oliveira Particip's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.74%.

Josapar-Joaquim Oliveira Particip ROCE % Historical Data

The historical data trend for Josapar-Joaquim Oliveira Particip'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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Josapar-Joaquim Oliveira Particip ROCE % Chart

Josapar-Joaquim Oliveira Particip Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.69

15.48

12.46

19.55

17.56

Josapar-Joaquim Oliveira Particip 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															15.90	16.30	19.43	20.30	13.74

Josapar-Joaquim Oliveira Particip ROCE % Calculation

Josapar-Joaquim Oliveira Particip'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 )
	=	256.179	/	( ( (2411.619 - 1024.737)	+	(2388.031 - 856.496) )	/ 2 )
	=	256.179	/	( (1386.882	+	1531.535)	/ 2 )
	=	256.179	/	1459.2085
	=	17.56 %

Josapar-Joaquim Oliveira Particip'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 )
	=	208.528	/	( ( (2388.031 - 856.496)	+	(2245.409 - 742.578) )	/ 2 )
	=	208.528	/	( ( 1531.535	+	1502.831 )	/ 2 )
	=	208.528	/	1517.183
	=	13.74 %

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

Josapar-Joaquim Oliveira Particip (BSP:JOPA3) 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.

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Josapar-Joaquim Oliveira Particip (BSP:JOPA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Josapar-Joaquim Oliveira SA Particip (BSP:JOPA3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JOPA4:Brazil

Address

Avenue Carlos Gomes 651, 5th floor, Porto Alegre, RS, BRA, 90480003

Website

https://www.josapar.com.br

Josapar-Joaquim Oliveira SA Particip is a food company. It produces processed food products. Its product portfolio comprises of rice products, beans & olive oil. It works with its various brands, named, Uncle John, my Biju & SupraSoy Olive.

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