BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) ROCE % : 5.72% (As of Dec. 2023)

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What is BB Fundo Invest Imobiliario Progressivo 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. BB Fundo Invest Imobiliario Progressivo's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.72%.

BB Fundo Invest Imobiliario Progressivo ROCE % Historical Data

The historical data trend for BB Fundo Invest Imobiliario Progressivo'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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BB Fundo Invest Imobiliario Progressivo ROCE % Chart

BB Fundo Invest Imobiliario Progressivo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

9.83

11.32

12.45

12.46

5.72

BB Fundo Invest Imobiliario Progressivo Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	9.83	11.32	12.45	12.46	5.72

BB Fundo Invest Imobiliario Progressivo ROCE % Calculation

BB Fundo Invest Imobiliario Progressivo'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 )
	=	15.906	/	( ( (289.374 - 3.713)	+	(271.955 - 1.079) )	/ 2 )
	=	15.906	/	( (285.661	+	270.876)	/ 2 )
	=	15.906	/	278.2685
	=	5.72 %

BB Fundo Invest Imobiliario Progressivo'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 )
	=	15.906	/	( ( (289.374 - 3.713)	+	(271.955 - 1.079) )	/ 2 )
	=	15.906	/	( ( 285.661	+	270.876 )	/ 2 )
	=	15.906	/	278.2685
	=	5.72 %

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

BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) 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.

BB Fundo Invest Imobiliario Progressivo ROCE % Related Terms

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BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BB Fundo Invest Imobiliario Progressivo (BSP:BBFI11B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Paulista, 2300, 11th Floor, Sao Paulo, SP, BRA, 1310300

Website

http://www.fundoimobiliario.com.br

BB Fundo Invest Imobiliario Progressivo is an investment REIT. The firm invests in commercial real estate developments that generate frequent revenue, such as commercial buildings, hospitals, shopping malls, distribution, and logistics centers. It is managed by Caixa Economica Federal. Its assets are leased to the Bank of Brazil.

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