Zona Franca de Iquique (XSGO:ZOFRI) ROCE % : 16.86% (As of Dec. 2023)

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What is Zona Franca de Iquique 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. Zona Franca de Iquique's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.86%.

Zona Franca de Iquique ROCE % Historical Data

The historical data trend for Zona Franca de Iquique'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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Zona Franca de Iquique ROCE % Chart

Zona Franca de Iquique Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.87

8.09

15.86

13.64

13.62

Zona Franca de Iquique 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															5.49	-	5.44	15.54	16.86

Zona Franca de Iquique ROCE % Calculation

Zona Franca de Iquique'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 )
	=	13759.107	/	( ( (131433.848 - 32215.722)	+	(137698.329 - 34925.435) )	/ 2 )
	=	13759.107	/	( (99218.126	+	102772.894)	/ 2 )
	=	13759.107	/	100995.51
	=	13.62 %

Zona Franca de Iquique'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 )
	=	18043.544	/	( ( (136658.831 - 25424.807)	+	(137698.329 - 34925.435) )	/ 2 )
	=	18043.544	/	( ( 111234.024	+	102772.894 )	/ 2 )
	=	18043.544	/	107003.459
	=	16.86 %

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

Zona Franca de Iquique (XSGO:ZOFRI) 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.

Zona Franca de Iquique ROCE % Related Terms

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Zona Franca de Iquique (XSGO:ZOFRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zona Franca de Iquique SA (XSGO:ZOFRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Recinto Amurallado S/N, Iquique, CHL

Website

http://www.zofri.cl

Zona Franca de Iquique SA operates in the nonresidential building operators sector. Its business include administration and exploitation of the Free Trade Zone of Iquique. Its activities are divided in four business units, Iqueque Wholesale and Industrial Business Center, Zofri's Logistic Center, Arica's Business Center, and Zofri's Mall. It offers required infrastructure for companies to store, commercialize, and distribute their products in the markets.

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