CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) ROCE %

: 5.44% (As of Dec. 2023)

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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. CIA de Ferro Ligas da Bahia - Ferbasa's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.44%.

CIA de Ferro Ligas da Bahia - Ferbasa ROCE % Historical Data

The historical data trend for CIA de Ferro Ligas da Bahia - Ferbasa'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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CIA de Ferro Ligas da Bahia - Ferbasa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

12.20

4.32

27.56

39.51

12.55

CIA de Ferro Ligas da Bahia - Ferbasa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																21.50	19.19	16.04	6.10	5.44

CIA de Ferro Ligas da Bahia - Ferbasa ROCE % Calculation

CIA de Ferro Ligas da Bahia - Ferbasa'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 )
	=	450.284	/	( ( (4067.385 - 505.951)	+	(4110.697 - 499.147) )	/ 2 )
	=	450.284	/	( (3561.434	+	3611.55)	/ 2 )
	=	450.284	/	3586.492
	=	12.55 %

CIA de Ferro Ligas da Bahia - Ferbasa'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 )
	=	198.12	/	( ( (4136.809 - 468.214)	+	(4110.697 - 499.147) )	/ 2 )
	=	198.12	/	( ( 3668.595	+	3611.55 )	/ 2 )
	=	198.12	/	3640.0725
	=	5.44 %

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

CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) 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.

CIA de Ferro Ligas da Bahia - Ferbasa ROCE % Related Terms

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CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FESA4:Brazil

Address

Estrada de Santiago s/n, Pojuca, BA, BRA, 48120000

Website

http://www.ferbasa.com.br

CIA de Ferro Ligas da Bahia - Ferbasa produces ferroalloys, including chromium alloys and silicon ferroalloys. It operates in the areas of mining, reforestation, and metallurgy, offering high-carbon ferrochrome, low-carbon ferrochrome, and ferrosilicon. It also engages in the mining, forestry, metallurgy businesses.

CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) Headlines

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