Alpargatas (BSP:ALPA4) ROCE % : 6.89% (As of Sep. 2024)

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What is Alpargatas 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. Alpargatas's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.89%.

Alpargatas ROCE % Historical Data

The historical data trend for Alpargatas'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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Alpargatas ROCE % Chart

Alpargatas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.13

10.36

20.15

6.01

-30.92

Alpargatas Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															0.97	-103.59	4.97	4.76	6.89

Alpargatas ROCE % Calculation

Alpargatas'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 )
	=	-1908.875	/	( ( (8499.68 - 1494.762)	+	(6327.389 - 985.107) )	/ 2 )
	=	-1908.875	/	( (7004.918	+	5342.282)	/ 2 )
	=	-1908.875	/	6173.6
	=	-30.92 %

Alpargatas's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	369.436	/	( ( (6555.466 - 1196.838)	+	(6619.179 - 1251.37) )	/ 2 )
	=	369.436	/	( ( 5358.628	+	5367.809 )	/ 2 )
	=	369.436	/	5363.2185
	=	6.89 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Alpargatas (BSP:ALPA4) 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.

Alpargatas ROCE % Related Terms

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Alpargatas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Alpargatas SA (BSP:ALPA4) » Definitions » ROCE %

Comparable Companies

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ALPA3:Brazil

Address

United Nations Avenue, Vila Gertrudes, 14.261, Sao Paulo, SP, BRA, 04794-00

Website

https://www.alpargatas.com.br

Alpargatas SA primarily manufactures footwear, apparel, and sports items. Brands the company owns or manufactures under license include Havaianas, dupe, Osklen, Mizuno, Megga, and Sete Leguas. Alpargatas reaches consumers through third-party retailers and through its own retail stores. Most of the company's sales are in Brazil and Argentina, with sales in Brazil accounting for more than half of the company's total sales. Remaining revenue is generated by the company's subsidiaries in Europe and the United States, and through direct exports.

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