Enauta Participacoes (BSP:ENAT3) ROCE % : -13.13% (As of Jun. 2024)

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What is Enauta 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. Enauta Participacoes's annualized ROCE % for the quarter that ended in Jun. 2024 was -13.13%.

Enauta Participacoes ROCE % Historical Data

The historical data trend for Enauta 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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Enauta Participacoes ROCE % Chart

Enauta Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.82

5.32

46.51

9.62

-0.13

Enauta Participacoes Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															2.83	-20.33	5.92	17.83	-13.13

Enauta Participacoes ROCE % Calculation

Enauta 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 )
	=	-8.644	/	( ( (8276.064 - 1719.375)	+	(8137.085 - 1141.813) )	/ 2 )
	=	-8.644	/	( (6556.689	+	6995.272)	/ 2 )
	=	-8.644	/	6775.9805
	=	-0.13 %

Enauta Participacoes's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-1196.656	/	( ( (8794.179 - 1193.421)	+	(12848.879 - 2218.362) )	/ 2 )
	=	-1196.656	/	( ( 7600.758	+	10630.517 )	/ 2 )
	=	-1196.656	/	9115.6375
	=	-13.13 %

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

Enauta Participacoes (BSP:ENAT3) 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.

Enauta Participacoes ROCE % Related Terms

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Enauta Participacoes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enauta Participacoes SA (BSP:ENAT3) » Definitions » ROCE %

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Address

Almirante Barroso Avenue 52, Room 1301, Central district, Rio de Janeiro, RJ, BRA, 20031-918

Website

https://www.enauta.com.br

Enauta Participacoes SA is a Brazilian company that is principally engaged in the exploration, production, and sale of oil and natural gas products. The company's exploration and production areas include Santos Basin, Espirito Santo Basin, Camamu-Almada Basin, Sergipe-Alagoas Basin, Ceara Basin, Para-Maranhao Basin, and Foz do Amazonas Basin.

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