Desktop - Sigmanet Comunicacao Multimidia (BSP:DESK3) ROCE % : 12.99% (As of Dec. 2023)

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What is Desktop - Sigmanet Comunicacao Multimidia 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. Desktop - Sigmanet Comunicacao Multimidia's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.99%.

Desktop - Sigmanet Comunicacao Multimidia ROCE % Historical Data

The historical data trend for Desktop - Sigmanet Comunicacao Multimidia'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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Desktop - Sigmanet Comunicacao Multimidia ROCE % Chart

Desktop - Sigmanet Comunicacao Multimidia Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

42.81

26.38

8.47

13.04

14.02

Desktop - Sigmanet Comunicacao Multimidia Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											16.17	13.71	13.62	14.74	12.99

Desktop - Sigmanet Comunicacao Multimidia ROCE % Calculation

Desktop - Sigmanet Comunicacao Multimidia'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 )
	=	339.517	/	( ( (2520.418 - 453.927)	+	(3258.89 - 482.101) )	/ 2 )
	=	339.517	/	( (2066.491	+	2776.789)	/ 2 )
	=	339.517	/	2421.64
	=	14.02 %

Desktop - Sigmanet Comunicacao Multimidia'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 )
	=	342.348	/	( ( (2943.277 - 450.817)	+	(3258.89 - 482.101) )	/ 2 )
	=	342.348	/	( ( 2492.46	+	2776.789 )	/ 2 )
	=	342.348	/	2634.6245
	=	12.99 %

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

Desktop - Sigmanet Comunicacao Multimidia (BSP:DESK3) 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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Desktop - Sigmanet Comunicacao Multimidia (BSP:DESK3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Desktop - Sigmanet Comunicacao Multimidia SA (BSP:DESK3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10a Andar, Jardim Marchissolo, Estrada Teodor Condiev, 970, Sumare, SP, BRA, 13171105

Website

http://www.desktopsigmanet.com.br

Desktop - Sigmanet Comunicacao Multimidia SA is a telecommunications company focused on Internet access, television, and telephone.

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