Springs Global Participacoes (BSP:SGPS3) ROCE % : -46.32% (As of Mar. 2023)

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What is Springs Global 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. Springs Global Participacoes's annualized ROCE % for the quarter that ended in Mar. 2023 was -46.32%.

Springs Global Participacoes ROCE % Historical Data

The historical data trend for Springs Global 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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Springs Global Participacoes ROCE % Chart

Springs Global Participacoes Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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9.41

1.14

-1.99

1.52

-20.91

Springs Global Participacoes Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-0.08	-20.07	-23.94	-28.53	-46.32

Springs Global Participacoes ROCE % Calculation

Springs Global Participacoes's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-314.842	/	( ( (3196.192 - 1545.918)	+	(2695.117 - 1333.456) )	/ 2 )
	=	-314.842	/	( (1650.274	+	1361.661)	/ 2 )
	=	-314.842	/	1505.9675
	=	-20.91 %

Springs Global Participacoes's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-516.736	/	( ( (2695.117 - 1333.456)	+	(2553.722 - 1684.321) )	/ 2 )
	=	-516.736	/	( ( 1361.661	+	869.401 )	/ 2 )
	=	-516.736	/	1115.531
	=	-46.32 %

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

Springs Global Participacoes (BSP:SGPS3) 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.

Springs Global Participacoes ROCE % Related Terms

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Springs Global Participacoes (BSP:SGPS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Springs Global Participacoes SA (BSP:SGPS3) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Avenue Lincoln Alves Dos Santos. 955, Montes Claros, MG, BRA, 39404005

Website

https://www.springs.com

Springs Global Participacoes SA is engaged in the textile industry. The company operates in the business of spinning, weaving, finishing, and manufacturing home textile products, bed and bath textile articles such as tablecloths, bed sheets, pillowcases, mattress pads, blankets, towels, shower curtains and bath accessories. The firm operates in Wholesale and Retail business units. It operates production facilities in Brazil, Argentina, and the United States. The wholesale unit accounts for the majority of revenue.

Springs Global Participacoes (BSP:SGPS3) Headlines

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