Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) ROCE % : 6.40% (As of Mar. 2023)

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What is Compania Colombiana de Tejidos Coltejer 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. Compania Colombiana de Tejidos Coltejer's annualized ROCE % for the quarter that ended in Mar. 2023 was 6.40%.

Compania Colombiana de Tejidos Coltejer ROCE % Historical Data

The historical data trend for Compania Colombiana de Tejidos Coltejer'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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Compania Colombiana de Tejidos Coltejer ROCE % Chart

Compania Colombiana de Tejidos Coltejer Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.28

1.17

-7.79

-12.15

-19.51

Compania Colombiana de Tejidos Coltejer Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															6.30	-23.69	-13.84	-39.12	6.40

Compania Colombiana de Tejidos Coltejer ROCE % Calculation

Compania Colombiana de Tejidos Coltejer'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 )
	=	-151720	/	( ( (0 - 0)	+	(868692 - 90934) )	/ 1 )
	=	-151720	/	( (0	+	777758)	/ 1 )
	=	-151720	/	777758
	=	-19.51 %

Compania Colombiana de Tejidos Coltejer's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	49728	/	( ( (868692 - 90934)	+	(866426 - 91001) )	/ 2 )
	=	49728	/	( ( 777758	+	775425 )	/ 2 )
	=	49728	/	776591.5
	=	6.40 %

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

Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) 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.

Compania Colombiana de Tejidos Coltejer ROCE % Related Terms

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Compania Colombiana de Tejidos Coltejer Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Compania Colombiana de Tejidos Coltejer (BOG:COLTEJER) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Carrera 42, No 54 A-161, Autopista Sur, Itagui, COL

Website

http://www.coltejer.com.co

Compania Colombiana de Tejidos Coltejer is principally engaged in the textile industry. Its activities include the production, distribution and sale of natural, artificial and synthetic fibers, fabrics and textiles.

Compania Colombiana de Tejidos Coltejer Headlines

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