Brava Energia (BSP:BRAV3) ROCE % : -3.48% (As of Dec. 2024)

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What is Brava Energia 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. Brava Energia's annualized ROCE % for the quarter that ended in Dec. 2024 was -3.48%.

Brava Energia ROCE % Historical Data

The historical data trend for Brava Energia'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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Brava Energia ROCE % Chart

Brava Energia Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-20.36

4.53

9.88

10.79

3.25

Brava Energia Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															19.65	0.09	-4.65	22.45	-3.48

Brava Energia ROCE % Calculation

Brava Energia's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	906.219	/	( ( (20119.858 - 3336.511)	+	(44463.747 - 5438.248) )	/ 2 )
	=	906.219	/	( (16783.347	+	39025.499)	/ 2 )
	=	906.219	/	27904.423
	=	3.25 %

Brava Energia's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-1233.876	/	( ( (36068.637 - 4231.974)	+	(44463.747 - 5438.248) )	/ 2 )
	=	-1233.876	/	( ( 31836.663	+	39025.499 )	/ 2 )
	=	-1233.876	/	35431.081
	=	-3.48 %

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

Brava Energia (BSP:BRAV3) 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.

Brava Energia ROCE % Related Terms

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Brava Energia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Brava Energia SA (BSP:BRAV3) » Definitions » ROCE %

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Address

Praia de Botafogo, 186, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.bravaenergia.com

Brava Energia SA is engaged in the oil and gas sector with a focus on the redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons, including, without limitation, the Brazilian sedimentary basins to which the National Petroleum, Natural Gas and Biofuels Agency - ANP (ANP) has granted licenses, as well as sedimentary basins abroad; Importing and exporting oil and any derivatives thus produced; and participating in other companies as a partner, shareholder or quotaholder.

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