Mills Locacao Servicos e Logistica (BSP:MILS3) ROCE % : 27.47% (As of Dec. 2023)

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What is Mills Locacao Servicos e Logistica 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. Mills Locacao Servicos e Logistica's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.47%.

Mills Locacao Servicos e Logistica ROCE % Historical Data

The historical data trend for Mills Locacao Servicos e Logistica'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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Mills Locacao Servicos e Logistica ROCE % Chart

Mills Locacao Servicos e Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.56

1.37

12.41

21.80

23.88

Mills Locacao Servicos e Logistica 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															22.91	23.59	21.51	21.85	27.47

Mills Locacao Servicos e Logistica ROCE % Calculation

Mills Locacao Servicos e Logistica'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 )
	=	540.174	/	( ( (2588.44 - 416.929)	+	(2740.405 - 387.208) )	/ 2 )
	=	540.174	/	( (2171.511	+	2353.197)	/ 2 )
	=	540.174	/	2262.354
	=	23.88 %

Mills Locacao Servicos e Logistica'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 )
	=	645.796	/	( ( (2755.343 - 407.426)	+	(2740.405 - 387.208) )	/ 2 )
	=	645.796	/	( ( 2347.917	+	2353.197 )	/ 2 )
	=	645.796	/	2350.557
	=	27.47 %

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

Mills Locacao Servicos e Logistica (BSP:MILS3) 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.

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Mills Locacao Servicos e Logistica (BSP:MILS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Locacao Servicos e Logistica SA (BSP:MILS3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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