Rio Bravo Investimentosa. (BSP:RBED11) ROCE % : 12.31% (As of Dec. 2023)

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What is Rio Bravo Investimentosa. 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. Rio Bravo Investimentosa.'s annualized ROCE % for the quarter that ended in Dec. 2023 was 12.31%.

Rio Bravo Investimentosa. ROCE % Historical Data

The historical data trend for Rio Bravo Investimentosa.'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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Rio Bravo Investimentosa. ROCE % Chart

Rio Bravo Investimentosa. Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.97

7.50

2.75

11.06

12.31

Rio Bravo Investimentosa. Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			1.97	7.50	2.75	11.06	12.31

Rio Bravo Investimentosa. ROCE % Calculation

Rio Bravo Investimentosa.'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 )
	=	45.408	/	( ( (396.855 - 33.267)	+	(395.791 - 21.605) )	/ 2 )
	=	45.408	/	( (363.588	+	374.186)	/ 2 )
	=	45.408	/	368.887
	=	12.31 %

Rio Bravo Investimentosa.'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	45.408	/	( ( (396.855 - 33.267)	+	(395.791 - 21.605) )	/ 2 )
	=	45.408	/	( ( 363.588	+	374.186 )	/ 2 )
	=	45.408	/	368.887
	=	12.31 %

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

Rio Bravo Investimentosa. (BSP:RBED11) 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.

Rio Bravo Investimentosa. ROCE % Related Terms

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Rio Bravo Investimentosa. (BSP:RBED11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rio Bravo Investimentos Ltda. (BSP:RBED11) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RBVA11:Brazil

Address

Chedid Jafet Avenue, 222, Block B, 3rd Floor, Vila Olimpia, Sao Paulo, SP, BRA, 04511-065

Website

https://www.riobravo.com.br

Rio Bravo Investimentos Ltda. is an independent investment manager focused on four investment strategies: real estate funds, fixed income, variable income, and multi-market.

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