Melnick Desenvolvimento Imobiliario (BSP:MELK3) ROCE % : 19.74% (As of Dec. 2023)

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What is Melnick Desenvolvimento Imobiliario 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. Melnick Desenvolvimento Imobiliario's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.74%.

Melnick Desenvolvimento Imobiliario ROCE % Historical Data

The historical data trend for Melnick Desenvolvimento Imobiliario'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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Melnick Desenvolvimento Imobiliario ROCE % Chart

Melnick Desenvolvimento Imobiliario Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.03

7.01

7.82

9.97

10.62

Melnick Desenvolvimento Imobiliario Quarterly Data
	Dec18	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															5.59	7.62	7.97	5.87	19.74

Melnick Desenvolvimento Imobiliario ROCE % Calculation

Melnick Desenvolvimento Imobiliario'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 )
	=	182.428	/	( ( (2301.121 - 601.828)	+	(2421.373 - 685.825) )	/ 2 )
	=	182.428	/	( (1699.293	+	1735.548)	/ 2 )
	=	182.428	/	1717.4205
	=	10.62 %

Melnick Desenvolvimento Imobiliario'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 )
	=	348.156	/	( ( (2434.826 - 643.319)	+	(2421.373 - 685.825) )	/ 2 )
	=	348.156	/	( ( 1791.507	+	1735.548 )	/ 2 )
	=	348.156	/	1763.5275
	=	19.74 %

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

Melnick Desenvolvimento Imobiliario (BSP:MELK3) 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.

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Melnick Desenvolvimento Imobiliario (BSP:MELK3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Melnick Desenvolvimento Imobiliario SA (BSP:MELK3) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Rua Carlos Trein Filho, 551 - Auxiliadora, Porto Alegre, RS, BRA

Website

https://www.melnickeven.com.br

Melnick Desenvolvimento Imobiliario SA formerly Melnick Even Desenvolvimento Imobiliario SA operates in the real estate industry. The company is engaged in the business of real estate development and management in Brazil.

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