Irani Papel E Embalagem (BSP:RANI3) ROCE % : 12.87% (As of Mar. 2024)

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What is Irani Papel E Embalagem 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. Irani Papel E Embalagem's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.87%.

Irani Papel E Embalagem ROCE % Historical Data

The historical data trend for Irani Papel E Embalagem'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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Irani Papel E Embalagem ROCE % Chart

Irani Papel E Embalagem Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.31

9.30

13.14

25.51

26.13

Irani Papel E Embalagem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															25.70	22.97	45.47	18.56	12.87

Irani Papel E Embalagem ROCE % Calculation

Irani Papel E Embalagem's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	647.76	/	( ( (2365.3 - 344.609)	+	(3515.338 - 577.46) )	/ 2 )
	=	647.76	/	( (2020.691	+	2937.878)	/ 2 )
	=	647.76	/	2479.2845
	=	26.13 %

Irani Papel E Embalagem'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	408.516	/	( ( (3473.583 - 295.258)	+	(3480.534 - 310.288) )	/ 2 )
	=	408.516	/	( ( 3178.325	+	3170.246 )	/ 2 )
	=	408.516	/	3174.2855
	=	12.87 %

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

Irani Papel E Embalagem (BSP:RANI3) 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.

Irani Papel E Embalagem ROCE % Related Terms

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Irani Papel E Embalagem (BSP:RANI3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Irani Papel E Embalagem SA (BSP:RANI3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua General Joao Manoel, 157, 9th Floor, Room 903, Porto Alegre, RS, BRA, 90010-030

Website

http://www.irani.com.br

Irani Papel E Embalagem SA is a paper packaging company. The company's reportable segments include corrugated cardboard (PO) packaging segment manufactures light and heavy corrugated cardboard boxes and sheets. Its packaging paper segment produces low and high-weight Kraft paper and recycled paper for the domestic and foreign markets. The RS forest and resins segment plants pine trees for their own consumption. It generates maximum revenue from the corrugated cardboard (PO) packaging segment.

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