CVC Brasil Operadora e Agencia de Viagens (CVC Brasil Operadora e Agencia de Viagens) ROCE % : 4.77% (As of Dec. 2023)

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What is CVC Brasil Operadora e Agencia de Viagens 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. CVC Brasil Operadora e Agencia de Viagens's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.77%.

CVC Brasil Operadora e Agencia de Viagens ROCE % Historical Data

The historical data trend for CVC Brasil Operadora e Agencia de Viagens'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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CVC Brasil Operadora e Agencia de Viagens ROCE % Chart

CVC Brasil Operadora e Agencia de Viagens Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.19

-57.29

-21.68

-3.01

-13.60

CVC Brasil Operadora e Agencia de Viagens 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															10.02	-20.77	-13.05	-2.28	4.77

CVC Brasil Operadora e Agencia de Viagens ROCE % Calculation

CVC Brasil Operadora e Agencia de Viagens'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 )
	=	-31.754	/	( ( (746.857 - 596.789)	+	(822.663 - 505.79) )	/ 2 )
	=	-31.754	/	( (150.068	+	316.873)	/ 2 )
	=	-31.754	/	233.4705
	=	-13.60 %

CVC Brasil Operadora e Agencia de Viagens'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 )
	=	14.304	/	( ( (815.066 - 532.218)	+	(822.663 - 505.79) )	/ 2 )
	=	14.304	/	( ( 282.848	+	316.873 )	/ 2 )
	=	14.304	/	299.8605
	=	4.77 %

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

CVC Brasil Operadora e Agencia de Viagens (OTCPK:CVCBF) 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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CVC Brasil Operadora e Agencia de Viagens (CVC Brasil Operadora e Agencia de Viagens) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » CVC Brasil Operadora e Agencia de Viagens SA (OTCPK:CVCBF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CVCB3:Brazil

Address

227, Rua Da Catequese, Santo Andre, Sao Paulo, SP, BRA, 9080370

Website

https://www.cvc.com.br

CVC Brasil Operadora e Agencia de Viagens SA is engaged in providing tourism products and services. It provides tour packages, air tickets, ground transportation, hotel reservations, cruise line tickets, and other tourism services. CVC also has agreements with local representatives to sell CVC-branded products and services in Argentina and Uruguay. It serves both domestic and international market.

CVC Brasil Operadora e Agencia de Viagens (CVC Brasil Operadora e Agencia de Viagens) Headlines

From GuruFocus

Q4 2023 CVC Brasil Operadora e Agencia de Viagens SA Earnings Call (English, Portuguese) Transcript

By GuruFocus Research • 03-29-2024