Tronox Pigmentos do Brasil (BSP:CRPG6) ROCE % : -7.78% (As of Jun. 2024)

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What is Tronox Pigmentos do Brasil 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. Tronox Pigmentos do Brasil's annualized ROCE % for the quarter that ended in Jun. 2024 was -7.78%.

Tronox Pigmentos do Brasil ROCE % Historical Data

The historical data trend for Tronox Pigmentos do Brasil'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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Tronox Pigmentos do Brasil ROCE % Chart

Tronox Pigmentos do Brasil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.81

16.70

32.18

7.01

4.51

Tronox Pigmentos do Brasil 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															6.20	-8.81	4.13	-1.34	-7.78

Tronox Pigmentos do Brasil ROCE % Calculation

Tronox Pigmentos do Brasil'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 )
	=	39.589	/	( ( (1056.857 - 133.847)	+	(972.582 - 141.87) )	/ 2 )
	=	39.589	/	( (923.01	+	830.712)	/ 2 )
	=	39.589	/	876.861
	=	4.51 %

Tronox Pigmentos do Brasil'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 )
	=	-59.94	/	( ( (962.088 - 134.357)	+	(840.028 - 127.79) )	/ 2 )
	=	-59.94	/	( ( 827.731	+	712.238 )	/ 2 )
	=	-59.94	/	769.9845
	=	-7.78 %

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

Tronox Pigmentos do Brasil (BSP:CRPG6) 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.

Tronox Pigmentos do Brasil ROCE % Related Terms

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Tronox Pigmentos do Brasil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tronox Pigmentos do Brasil SA (BSP:CRPG6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CRPG5:Brazil

Address

Rodovia BA 099, Estrada do Coco, Camaçari, BA, BRA, 42829-710

Website

https://www.tronox-al.com.br

Tronox Pigmentos do Brasil SA manufactures chemical products such as titanium dioxide and sulphuric acid. Its titanium dioxide (TiO2) product is used to provide color, brightness, and opacity to a range of products, including paint, plastic, paper, eraser, and other products, as well as applications, such as ceramic, glass, leather, synthetic fiber, and color formulation for artistic paints. It also produces ilmenite, zirconite, rutile, and kyanite.

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