Quinenco (XSGO:QUINENCO) ROCE % : 2.70% (As of Dec. 2023)

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What is Quinenco 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. Quinenco's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.70%.

Quinenco ROCE % Historical Data

The historical data trend for Quinenco'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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Quinenco ROCE % Chart

Quinenco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.15

1.88

6.41

10.16

3.86

Quinenco 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															8.04	5.23	4.97	2.63	2.70

Quinenco ROCE % Calculation

Quinenco'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 )
	=	2583987.417	/	( ( (69583051.9 - 3353607.849)	+	(69348511.034 - 1709800.291) )	/ 2 )
	=	2583987.417	/	( (66229444.051	+	67638710.743)	/ 2 )
	=	2583987.417	/	66934077.397
	=	3.86 %

Quinenco'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 )
	=	1827480.364	/	( ( (69069688.917 - 1445365.402)	+	(69348511.034 - 1709800.291) )	/ 2 )
	=	1827480.364	/	( ( 67624323.515	+	67638710.743 )	/ 2 )
	=	1827480.364	/	67631517.129
	=	2.70 %

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

Quinenco (XSGO:QUINENCO) 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.

Quinenco ROCE % Related Terms

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Quinenco (XSGO:QUINENCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Quinenco SA (XSGO:QUINENCO) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Enrique Foster Sur 20, Piso 14 Las Condes, Santiago, CHL

Website

http://www.quinenco.cl

Quinenco SA is a Chilean business conglomerate. The group operates businesses in financial services, beverages and food, manufacturing, transport, energy, and port and shipping services. The largest segment by net income, financial services, consists primarily of the participation in Banco de Chile. The bank provides retail and wholesale banking services in Chile. Other business participations include a beverage and food distribution company with presence in South America, a French power-cable producer, a Latin American flexible-packaging producer, a Chilean fuel and lubricant distributor, a German container shipping operator, and a South American port operator.

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