Moneda Renta Variable Chile Fondo do Inversion Cuotas (XSGO:CFIMRVCHA) ROCE % : 34.37% (As of Jun. 2023)

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What is Moneda Renta Variable Chile Fondo do Inversion Cuotas 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. Moneda Renta Variable Chile Fondo do Inversion Cuotas's annualized ROCE % for the quarter that ended in Jun. 2023 was 34.37%.

Moneda Renta Variable Chile Fondo do Inversion Cuotas ROCE % Historical Data

The historical data trend for Moneda Renta Variable Chile Fondo do Inversion Cuotas'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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Moneda Renta Variable Chile Fondo do Inversion Cuotas ROCE % Chart

Moneda Renta Variable Chile Fondo do Inversion Cuotas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.23

-11.12

-1.51

29.25

16.29

Moneda Renta Variable Chile Fondo do Inversion Cuotas Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															18.20	5.53	4.66	34.37	-

Moneda Renta Variable Chile Fondo do Inversion Cuotas ROCE % Calculation

Moneda Renta Variable Chile Fondo do Inversion Cuotas'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 )
	=	7172.726	/	( ( (52787.967 - 4270.278)	+	(41165.87 - 1596.945) )	/ 2 )
	=	7172.726	/	( (48517.689	+	39568.925)	/ 2 )
	=	7172.726	/	44043.307
	=	16.29 %

Moneda Renta Variable Chile Fondo do Inversion Cuotas's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	15657.176	/	( ( (52354.255 - 4405.742)	+	(46373.772 - 3202.49) )	/ 2 )
	=	15657.176	/	( ( 47948.513	+	43171.282 )	/ 2 )
	=	15657.176	/	45559.8975
	=	34.37 %

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

Moneda Renta Variable Chile Fondo do Inversion Cuotas (XSGO:CFIMRVCHA) 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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Moneda Renta Variable Chile Fondo do Inversion Cuotas (XSGO:CFIMRVCHA) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Moneda Renta Variable Chile Fondo do Inversion Cuotas (XSGO:CFIMRVCHA) » Definitions » ROCE %

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Address

Avenida Isidora Goyenechea 3621, Piso 8, Las Condes, Santiago, CHL

Website

http://www.moneda.cl

Moneda Renta Variable Chile Fondo do Inversion Cuotas is a financial asset management firm. Its activities include investment of funds in securities & real estate projects, distribution of international funds to institutional clients & investment management. It has only one line of business namely, Asset management.

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