Tegma Gestao Logistica (BSP:TGMA3) ROCE % : 29.12% (As of Dec. 2023)

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What is Tegma Gestao Logistica 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. Tegma Gestao Logistica's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.12%.

Tegma Gestao Logistica ROCE % Historical Data

The historical data trend for Tegma Gestao Logistica'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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Tegma Gestao Logistica ROCE % Chart

Tegma Gestao Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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41.70

14.64

17.00

26.50

27.54

Tegma Gestao Logistica 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															37.05	22.66	25.12	33.19	29.12

Tegma Gestao Logistica ROCE % Calculation

Tegma Gestao Logistica'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 )
	=	257.844	/	( ( (1111.08 - 240.365)	+	(1199.711 - 198.094) )	/ 2 )
	=	257.844	/	( (870.715	+	1001.617)	/ 2 )
	=	257.844	/	936.166
	=	27.54 %

Tegma Gestao Logistica'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 )
	=	289.292	/	( ( (1166.098 - 180.813)	+	(1199.711 - 198.094) )	/ 2 )
	=	289.292	/	( ( 985.285	+	1001.617 )	/ 2 )
	=	289.292	/	993.451
	=	29.12 %

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

Tegma Gestao Logistica (BSP:TGMA3) 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.

Tegma Gestao Logistica ROCE % Related Terms

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Tegma Gestao Logistica (BSP:TGMA3) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tegma Gestao Logistica SA (BSP:TGMA3) » Definitions » ROCE %

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Address

Avenue Nicola Demarchi 2000, Bairro Demarchi, Sao Bernardo Do Campo, SP, BRA, 9820-655

Website

http://www.tegma.com.br

Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.

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