Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) ROCE % : 8.54% (As of Dec. 2023)

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What is Mitre Realty Empreendimentos E Participacoes 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. Mitre Realty Empreendimentos E Participacoes's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.54%.

Mitre Realty Empreendimentos E Participacoes ROCE % Historical Data

The historical data trend for Mitre Realty Empreendimentos E Participacoes'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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Mitre Realty Empreendimentos E Participacoes ROCE % Chart

Mitre Realty Empreendimentos E Participacoes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.07

9.49

6.08

3.97

8.56

Mitre Realty Empreendimentos E Participacoes 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															4.03	6.17	17.32	2.62	8.54

Mitre Realty Empreendimentos E Participacoes ROCE % Calculation

Mitre Realty Empreendimentos E Participacoes'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 )
	=	131.386	/	( ( (2061.151 - 526.628)	+	(2165.237 - 631.277) )	/ 2 )
	=	131.386	/	( (1534.523	+	1533.96)	/ 2 )
	=	131.386	/	1534.2415
	=	8.56 %

Mitre Realty Empreendimentos E Participacoes'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 )
	=	129.224	/	( ( (2171.092 - 680.409)	+	(2165.237 - 631.277) )	/ 2 )
	=	129.224	/	( ( 1490.683	+	1533.96 )	/ 2 )
	=	129.224	/	1512.3215
	=	8.54 %

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

Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) 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.

Mitre Realty Empreendimentos E Participacoes ROCE % Related Terms

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Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitre Realty Empreendimentos E Participacoes SA (BSP:MTRE3) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Rua Boa Vista 176, 1.subsolo, Sao Paulo, SP, BRA, 1013001

Website

https://www.mitrerealty.com.br

Mitre Realty Empreendimentos E Participacoes SA is a real estate developer and builder. The company builds residential and commercial real estate properties. Its property portfolio includes Haus Miter Perdizes, Roots Freguesia do O, Haus Miter Alto Butanta, Haus Miter Pinheiros, Roots Vila Prudente, Haus Miter Brooklin, Guilhermina Esperanca Roots, Haus Miter Butanta, Haus Miter Vl. Mariana, MaxMiter, Les Champs, Vila Matilde Roots, and Livepark.

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