Direcional Engenharia (BSP:DIRR3) ROCE % : 12.25% (As of Mar. 2024)

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What is Direcional Engenharia 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. Direcional Engenharia's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.25%.

Direcional Engenharia ROCE % Historical Data

The historical data trend for Direcional Engenharia'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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Direcional Engenharia ROCE % Chart

Direcional Engenharia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.65

5.50

7.98

8.50

9.41

Direcional Engenharia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.88	11.45	8.88	9.12	12.25

Direcional Engenharia ROCE % Calculation

Direcional Engenharia'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 )
	=	569.46	/	( ( (6489.415 - 918.216)	+	(7571.598 - 1042.766) )	/ 2 )
	=	569.46	/	( (5571.199	+	6528.832)	/ 2 )
	=	569.46	/	6050.0155
	=	9.41 %

Direcional Engenharia's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	821.388	/	( ( (7571.598 - 1042.766)	+	(7877.956 - 991.041) )	/ 2 )
	=	821.388	/	( ( 6528.832	+	6886.915 )	/ 2 )
	=	821.388	/	6707.8735
	=	12.25 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Direcional Engenharia (BSP:DIRR3) 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.

Direcional Engenharia ROCE % Related Terms

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Direcional Engenharia (BSP:DIRR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Direcional Engenharia SA (BSP:DIRR3) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Rua dos Otoni, 177, Bairro Santa Efigenia, Belo Horizonte, MG, BRA, 30150-270

Website

https://direcional.com.br

Direcional Engenharia SA is a real estate development and construction company. It focuses on the development of large-scale residential housing targeting the low-income segment, particularly in the North and Mid-West regions of Brazil. Geographically, the business presence of the firm are seen in the states of Rio de Janeiro, Sao Paulo, the Rio Grande do Sul, Minas Gerais, Para, and Amazonas, among others.

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