Diagnosticos da America (BSP:DASA3) ROCE % : -0.46% (As of Dec. 2023)

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What is Diagnosticos da America 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. Diagnosticos da America's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.46%.

Diagnosticos da America ROCE % Historical Data

The historical data trend for Diagnosticos da America'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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Diagnosticos da America ROCE % Chart

Diagnosticos da America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.29

1.08

1.12

5.94

3.86

Diagnosticos da America 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															4.02	5.44	4.66	6.65	-0.46

Diagnosticos da America ROCE % Calculation

Diagnosticos da America'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 )
	=	795.18	/	( ( (26844.191 - 6165.915)	+	(26213.2 - 5641.375) )	/ 2 )
	=	795.18	/	( (20678.276	+	20571.825)	/ 2 )
	=	795.18	/	20625.0505
	=	3.86 %

Diagnosticos da America'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 )
	=	-94.62	/	( ( (27093.749 - 6409.635)	+	(26213.2 - 5641.375) )	/ 2 )
	=	-94.62	/	( ( 20684.114	+	20571.825 )	/ 2 )
	=	-94.62	/	20627.9695
	=	-0.46 %

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

Diagnosticos da America (BSP:DASA3) 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.

Diagnosticos da America ROCE % Related Terms

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Diagnosticos da America (BSP:DASA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Diagnosticos da America SA (BSP:DASA3) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Avenida Jurua, 434, Alphaville, Barueri, SP, BRA, 06455-010

Website

https://www.dasa3.com.br

Diagnosticos da America SA operates as a medical diagnostics company in Brazil. The company offers clinical analysis, diagnostic imaging tests, and patient service centers. It has three operating segments. Outpatient care services and care coordination includes Diagnosis and health management, Hospitals and oncology include Medical and hospital services & Foreign operations include Diagnosis. The majority is from the Hospitals and oncology segment. Geographically, it operates in Brazil and South America (Argentina, Uruguay, Chile and Colombia).

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