Cielo (BSP:CIEL3) ROCE % : 14.35% (As of Jun. 2024)

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What is Cielo 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. Cielo's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.35%.

Cielo ROCE % Historical Data

The historical data trend for Cielo'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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Cielo ROCE % Chart

Cielo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.47

6.07

3.15

14.66

20.26

Cielo Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															25.27	19.75	18.49	15.12	14.35

Cielo ROCE % Calculation

Cielo'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 )
	=	5281.648	/	( ( (110231.201 - 83779.756)	+	(108272.4 - 82574.194) )	/ 2 )
	=	5281.648	/	( (26451.445	+	25698.206)	/ 2 )
	=	5281.648	/	26074.8255
	=	20.26 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	3395.988	/	( ( (103008.747 - 79360.076)	+	(100504.481 - 76807.761) )	/ 2 )
	=	3395.988	/	( ( 23648.671	+	23696.72 )	/ 2 )
	=	3395.988	/	23672.6955
	=	14.35 %

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

Cielo (BSP:CIEL3) 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.

Cielo ROCE % Related Terms

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Cielo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cielo SA (BSP:CIEL3) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Alameda Xingu, 512, Alphaville, Barueri, SP, BRA, 06455-030

Website

https://www.cielo.com.br

Cielo SA is a Brazil-based provider of payment software and related services to large credit and debit card issuers such as Visa, Mastercard, American Express, and private-label card issuers, including retailers, supermarkets, bookstores, gas stations, and insurance companies. Cielo's offerings capture, process, and manage credit and debit card transactions; accredit merchants; and manage payment accounts. The firm also rents, installs, and maintains point-of-sale terminals.

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