Marcopolo (BSP:POMO3) ROCE % : 24.79% (As of Mar. 2024)

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What is Marcopolo 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. Marcopolo's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.79%.

Marcopolo ROCE % Historical Data

The historical data trend for Marcopolo'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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Marcopolo ROCE % Chart

Marcopolo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.08

2.71

10.67

11.32

18.68

Marcopolo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															25.63	16.10	14.70	18.89	24.79

Marcopolo ROCE % Calculation

Marcopolo'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 )
	=	997.628	/	( ( (7395.35 - 2288.932)	+	(7959.303 - 2386.866) )	/ 2 )
	=	997.628	/	( (5106.418	+	5572.437)	/ 2 )
	=	997.628	/	5339.4275
	=	18.68 %

Marcopolo's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1402.328	/	( ( (7959.303 - 2386.866)	+	(8022.507 - 2281.804) )	/ 2 )
	=	1402.328	/	( ( 5572.437	+	5740.703 )	/ 2 )
	=	1402.328	/	5656.57
	=	24.79 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Marcopolo (BSP:POMO3) 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.

Marcopolo ROCE % Related Terms

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Marcopolo (BSP:POMO3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Marcopolo SA (BSP:POMO3) » Definitions » ROCE %

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POMO4:Brazil

Address

Avenida Marcopolo, 280, Bairro Planalto, Caxias do Sul, RS, BRA, 95060-145

Website

http://www.marcopolo.com.br

Marcopolo SA is a Brazilian auto manufacturer. The line of products includes a wide variety of models, composed of the groups of intercity, urban, micro, and mini-buses, as well as the Volare family (complete bus, with chassis and body). The buses are manufactured in facilities predominantly in Brazil and in Columbia, Egypt, India, Mexico, and China. The revenues that the company derives from its exports are marginally higher than that from domestic sales. Marcopolo sells its vehicles under such brand names as Volare, Fratello, Andare, Viaggio, Torino, and Viale. Its activities are divided into two segments, Industrial and Financial. The industrial segment is its core segment which manufactures buses and the financial segment is responsible for financing transactions through Banco Moneo.

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