Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) ROCE % : 26.35% (As of Dec. 2023)

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What is Cia de Fiacao e Tecidos Cedro e Cachoeira 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. Cia de Fiacao e Tecidos Cedro e Cachoeira's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.35%.

Cia de Fiacao e Tecidos Cedro e Cachoeira ROCE % Historical Data

The historical data trend for Cia de Fiacao e Tecidos Cedro e Cachoeira'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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Cia de Fiacao e Tecidos Cedro e Cachoeira ROCE % Chart

Cia de Fiacao e Tecidos Cedro e Cachoeira Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.43

-3.07

8.67

13.65

38.03

Cia de Fiacao e Tecidos Cedro e Cachoeira 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															23.87	42.06	28.42	52.78	26.35

Cia de Fiacao e Tecidos Cedro e Cachoeira ROCE % Calculation

Cia de Fiacao e Tecidos Cedro e Cachoeira'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 )
	=	167.233	/	( ( (879.016 - 541.456)	+	(882.193 - 340.379) )	/ 2 )
	=	167.233	/	( (337.56	+	541.814)	/ 2 )
	=	167.233	/	439.687
	=	38.03 %

Cia de Fiacao e Tecidos Cedro e Cachoeira'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 )
	=	129.896	/	( ( (840.556 - 396.359)	+	(882.193 - 340.379) )	/ 2 )
	=	129.896	/	( ( 444.197	+	541.814 )	/ 2 )
	=	129.896	/	493.0055
	=	26.35 %

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

Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) 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.

Cia de Fiacao e Tecidos Cedro e Cachoeira ROCE % Related Terms

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Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) » Definitions » ROCE %

Traded in Other Exchanges

CEDO3:Brazil

Address

R Paraiba 337, Belo Horizonte, MG, BRA, 30130140

Website

http://www.cedro.ind.br

Cia de Fiacao e Tecidos Cedro e Cachoeira is engaged in the textile industry. It produces and markets garment products such as fashionable clothing, professional uniforms, accessories and personal protective equipment, among others.

Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) Headlines

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