Monteiro Aranha (BSP:MOAR3) ROCE % : 34.40% (As of Dec. 2023)

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What is Monteiro Aranha 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. Monteiro Aranha's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.40%.

Monteiro Aranha ROCE % Historical Data

The historical data trend for Monteiro Aranha'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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Monteiro Aranha ROCE % Chart

Monteiro Aranha Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.88

5.01

38.27

16.24

55.00

Monteiro Aranha 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															54.66	15.85	144.34	19.71	34.40

Monteiro Aranha ROCE % Calculation

Monteiro Aranha'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 )
	=	1259.74	/	( ( (2257.938 - 324.709)	+	(2924.103 - 276.839) )	/ 2 )
	=	1259.74	/	( (1933.229	+	2647.264)	/ 2 )
	=	1259.74	/	2290.2465
	=	55.00 %

Monteiro Aranha'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 )
	=	932.956	/	( ( (3235.48 - 458.833)	+	(2924.103 - 276.839) )	/ 2 )
	=	932.956	/	( ( 2776.647	+	2647.264 )	/ 2 )
	=	932.956	/	2711.9555
	=	34.40 %

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

Monteiro Aranha (BSP:MOAR3) 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.

Monteiro Aranha ROCE % Related Terms

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Monteiro Aranha (BSP:MOAR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Monteiro Aranha SA (BSP:MOAR3) » Definitions » ROCE %

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N/A

Address

Av. Afranio de Melo Franco, 290, pav. L2, Room 101-A (Shopping Leblon), Leblon, Rio de Janeiro, RJ, BRA, 22430-060

Website

https://www.monteiroaranha.com.br

Monteiro Aranha SA, through its subsidiaries is engaged in financial, real estate and industrial sectors. The company's subsidiaries produce pulp and paper, petrochemicals, glass containers, and telecommunication equipments. It is involved in the manufacture, export, and recycling of paper; and production and sale of wood in logs, as well as offers packaging papers, corrugated packaging, and industrial bags. The company also distributes fuel and LPG; produces ethylene oxide and its derivatives, specialty chemicals, fatty alcohols, and co-products.

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