Orizon Valorizacao De Residuos (BSP:ORVR3) ROCE % : 27.37% (As of Dec. 2023)

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What is Orizon Valorizacao De Residuos 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. Orizon Valorizacao De Residuos's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.37%.

Orizon Valorizacao De Residuos ROCE % Historical Data

The historical data trend for Orizon Valorizacao De Residuos'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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Orizon Valorizacao De Residuos ROCE % Chart

Orizon Valorizacao De Residuos Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.19

22.43

14.27

1.63

12.93

Orizon Valorizacao De Residuos Quarterly Data
	Dec17	Dec18	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															-7.41	2.06	10.72	10.59	27.37

Orizon Valorizacao De Residuos ROCE % Calculation

Orizon Valorizacao De Residuos'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 )
	=	242.81	/	( ( (2073.296 - 322.882)	+	(2262.344 - 258.431) )	/ 2 )
	=	242.81	/	( (1750.414	+	2003.913)	/ 2 )
	=	242.81	/	1877.1635
	=	12.93 %

Orizon Valorizacao De Residuos'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 )
	=	543.212	/	( ( (2239.121 - 273.111)	+	(2262.344 - 258.431) )	/ 2 )
	=	543.212	/	( ( 1966.01	+	2003.913 )	/ 2 )
	=	543.212	/	1984.9615
	=	27.37 %

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

Orizon Valorizacao De Residuos (BSP:ORVR3) 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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Orizon Valorizacao De Residuos (BSP:ORVR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Orizon Valorizacao De Residuos SA (BSP:ORVR3) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Rua Joaquim Palhares, 40, Cidade Nova, Rio de Janeiro, RJ, BRA, 20260-080

Website

https://orizonvr.com.br

Orizon Valorizacao De Residuos SA is a waste treatment and recovery company. The company offers solid waste treatment services, treatment of gases, processing and industrialization of waste, monitoring groundwater, and environmental remediation services.

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