Tekno Industria e Comercio (BSP:TKNO3) ROCE % : 17.55% (As of Dec. 2023)

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What is Tekno Industria e Comercio 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. Tekno Industria e Comercio's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.55%.

Tekno Industria e Comercio ROCE % Historical Data

The historical data trend for Tekno Industria e Comercio'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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Tekno Industria e Comercio ROCE % Chart

Tekno Industria e Comercio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.05

12.86

37.09

21.77

15.53

Tekno Industria e Comercio 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															10.56	13.14	12.56	19.11	17.55

Tekno Industria e Comercio ROCE % Calculation

Tekno Industria e Comercio'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 )
	=	45.1	/	( ( (343.316 - 64.694)	+	(355.547 - 53.219) )	/ 2 )
	=	45.1	/	( (278.622	+	302.328)	/ 2 )
	=	45.1	/	290.475
	=	15.53 %

Tekno Industria e Comercio'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 )
	=	52.348	/	( ( (354.591 - 60.366)	+	(355.547 - 53.219) )	/ 2 )
	=	52.348	/	( ( 294.225	+	302.328 )	/ 2 )
	=	52.348	/	298.2765
	=	17.55 %

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

Tekno Industria e Comercio (BSP:TKNO3) 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.

Tekno Industria e Comercio ROCE % Related Terms

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Tekno Industria e Comercio (BSP:TKNO3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tekno SA Industria e Comercio (BSP:TKNO3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TKNO4:Brazil

Address

Rua Alfredo Mario Pizzotti, 51 - Vila Guilherme, Sao Paulo, SP, BRA, 2060040

Website

https://www.teknokroma.com.br

Tekno SA Industria e Comercio manufactures pre-painted metal materials used for metallic doors, sandwich panels, roofing and siding profiles for construction, elevators, and cold storages. It also provides finishes, coatings and films, and anti-fingerprint products; and aluminum composite materials for façades, insulation, and commercial signage.

Tekno Industria e Comercio (BSP:TKNO3) Headlines

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