Companhia de Participacoes Alianca da Bahia (BSP:PEAB3) ROCE % : 4.82% (As of Dec. 2023)

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What is Companhia de Participacoes Alianca da Bahia 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. Companhia de Participacoes Alianca da Bahia's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.82%.

Companhia de Participacoes Alianca da Bahia ROCE % Historical Data

The historical data trend for Companhia de Participacoes Alianca da Bahia'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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Companhia de Participacoes Alianca da Bahia ROCE % Chart

Companhia de Participacoes Alianca da Bahia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.40

130.54

25.21

8.39

3.76

Companhia de Participacoes Alianca da Bahia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.57	1.58	4.50	3.68	4.82

Companhia de Participacoes Alianca da Bahia ROCE % Calculation

Companhia de Participacoes Alianca da Bahia'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	/	( ( (814.291 - 17.016)	+	(880.533 - 30.096) )	/ 2 )
	=	31	/	( (797.275	+	850.437)	/ 2 )
	=	31	/	823.856
	=	3.76 %

Companhia de Participacoes Alianca da Bahia'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 )
	=	41.088	/	( ( (875.973 - 21.525)	+	(880.533 - 30.096) )	/ 2 )
	=	41.088	/	( ( 854.448	+	850.437 )	/ 2 )
	=	41.088	/	852.4425
	=	4.82 %

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

Companhia de Participacoes Alianca da Bahia (BSP:PEAB3) 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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Companhia de Participacoes Alianca da Bahia (BSP:PEAB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Companhia de Participacoes Alianca da Bahia (BSP:PEAB3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PEAB4:Brazil

Address

Av. Prof. Magalhães Neto,, 11th floor, Tower Itausa, Pituba, Salvador, BA, BRA, 1752

Website

http://www.aliancaparticipacoes.com.br

Companhia de Participacoes Alianca da Bahia is a holding company. It is in the sectors such as agriculture, health care services, commercial operation of bars and restaurants, real estate and engineering.

Companhia de Participacoes Alianca da Bahia (BSP:PEAB3) Headlines

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