Sao Carlos Empreend E Participacoes (BSP:SCAR3) ROCE % : 40.68% (As of Dec. 2023)

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What is Sao Carlos Empreend E Participacoes 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. Sao Carlos Empreend E Participacoes's annualized ROCE % for the quarter that ended in Dec. 2023 was 40.68%.

Sao Carlos Empreend E Participacoes ROCE % Historical Data

The historical data trend for Sao Carlos Empreend E Participacoes'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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Sao Carlos Empreend E Participacoes ROCE % Chart

Sao Carlos Empreend E Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.83

7.70

5.83

4.69

17.00

Sao Carlos Empreend E Participacoes 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															7.17	6.41	15.10	5.59	40.68

Sao Carlos Empreend E Participacoes ROCE % Calculation

Sao Carlos Empreend E Participacoes'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 )
	=	550.381	/	( ( (3519.439 - 233.24)	+	(3564.533 - 376.76) )	/ 2 )
	=	550.381	/	( (3286.199	+	3187.773)	/ 2 )
	=	550.381	/	3236.986
	=	17.00 %

Sao Carlos Empreend E Participacoes'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 )
	=	1306.888	/	( ( (3501.217 - 263.769)	+	(3564.533 - 376.76) )	/ 2 )
	=	1306.888	/	( ( 3237.448	+	3187.773 )	/ 2 )
	=	1306.888	/	3212.6105
	=	40.68 %

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

Sao Carlos Empreend E Participacoes (BSP:SCAR3) 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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Sao Carlos Empreend E Participacoes (BSP:SCAR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sao Carlos Empreend E Participacoes SA (BSP:SCAR3) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

153, Rua Dr. Eduardo de Souza Aranha, 12th Floor, Vila Nova Conceicao, Sao Paulo, SP, BRA, 4543904

Website

http://www.scsa.com.br

Sao Carlos Empreend E Participacoes SA is a commercial real estate investment companies in Brazil. It is primarily involved in the management of own or third-party real estate projects, including shopping malls; purchase and sale of completed or under construction residential and office properties, land or undivided interests in the properties; property leasing; operation of short-term parking lots and others. Geographically, the group owns and operates a portfolio of high-rise office buildings and convenience centers in Sao Paulo and Rio de Janeiro. The company recognizes revenue from the sale of properties.

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