CIA Melhoramentos deo Paulo (BSP:MSPA3) ROCE % : 1.09% (As of Mar. 2024)

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What is CIA Melhoramentos deo Paulo 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. CIA Melhoramentos deo Paulo's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.09%.

CIA Melhoramentos deo Paulo ROCE % Historical Data

The historical data trend for CIA Melhoramentos deo Paulo'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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CIA Melhoramentos deo Paulo ROCE % Chart

CIA Melhoramentos deo Paulo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.51

-4.85

-2.04

0.26

2.32

CIA Melhoramentos deo Paulo 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															0.35	6.39	3.73	-1.15	1.09

CIA Melhoramentos deo Paulo ROCE % Calculation

CIA Melhoramentos deo Paulo'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 )
	=	31.22	/	( ( (1418.108 - 69.886)	+	(1416.676 - 71.357) )	/ 2 )
	=	31.22	/	( (1348.222	+	1345.319)	/ 2 )
	=	31.22	/	1346.7705
	=	2.32 %

CIA Melhoramentos deo Paulo'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 )
	=	14.656	/	( ( (1416.676 - 71.357)	+	(1433.723 - 78.981) )	/ 2 )
	=	14.656	/	( ( 1345.319	+	1354.742 )	/ 2 )
	=	14.656	/	1350.0305
	=	1.09 %

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

CIA Melhoramentos deo Paulo (BSP:MSPA3) 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.

CIA Melhoramentos deo Paulo ROCE % Related Terms

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CIA Melhoramentos deo Paulo (BSP:MSPA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » CIA Melhoramentos de Sao Paulo (BSP:MSPA3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MSPA4:Brazil

Address

Rua Tito 479, Sao Paulo, SP, BRA, 05051000

Website

http://www.melhoramentos.com.br

CIA Melhoramentos de Sao Paulo primarily engages in publishing business in Brazil. It offers paperback and digital books primarily for children, teenagers, and schools; cooking books; and customized books for companies. The company also engages in developing and maintaining forests; conducting reforestation activities of pines and eucalyptus; and urban, industrial, or infrastructure projects of real estate development. In addition, it is involved in the production of fibers, such as thermo ground wood, Bleached Thermo Ground Wood and Neolux Fibers, used as raw material for the production of paperboard, tissue and special papers.

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