Empreendimentos Pague Menos (BSP:PGMN3) ROCE % : 7.93% (As of Dec. 2023)

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What is Empreendimentos Pague Menos 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. Empreendimentos Pague Menos's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.93%.

Empreendimentos Pague Menos ROCE % Historical Data

The historical data trend for Empreendimentos Pague Menos'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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Empreendimentos Pague Menos ROCE % Chart

Empreendimentos Pague Menos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.90

15.10

11.00

10.74

4.75

Empreendimentos Pague Menos 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															10.43	-0.29	3.95	5.87	7.93

Empreendimentos Pague Menos ROCE % Calculation

Empreendimentos Pague Menos'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 )
	=	270.658	/	( ( (8597.426 - 2935.82)	+	(8988.598 - 3242.528) )	/ 2 )
	=	270.658	/	( (5661.606	+	5746.07)	/ 2 )
	=	270.658	/	5703.838
	=	4.75 %

Empreendimentos Pague Menos'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 )
	=	454.22	/	( ( (8703.188 - 2988.533)	+	(8988.598 - 3242.528) )	/ 2 )
	=	454.22	/	( ( 5714.655	+	5746.07 )	/ 2 )
	=	454.22	/	5730.3625
	=	7.93 %

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

Empreendimentos Pague Menos (BSP:PGMN3) 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.

Empreendimentos Pague Menos ROCE % Related Terms

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Empreendimentos Pague Menos (BSP:PGMN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Empreendimentos Pague Menos SA (BSP:PGMN3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Senador Pompeu, no 1.520, Centro, Fortaleza, CE, BRA, CEP 60.025-002

Website

https://www.paguemenos.com.br

Empreendimentos Pague Menos SA operates a pharmacy chain in Brazil. The company sells (brand) and generic drugs, subject to medical or over-the-counter (OTC) prescription, multivitamin and perfumery products, which include hygiene and beauty articles.

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