Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR (BSP:ECPR4) ROCE % : 11.34% (As of Dec. 2021)

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What is Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR 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. Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR's annualized ROCE % for the quarter that ended in Dec. 2021 was 11.34%.

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR ROCE % Historical Data

The historical data trend for Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR'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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Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR ROCE % Chart

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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20.94

14.17

-4.40

-16.84

-3.71

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															1.42	8.22	-24.36	-10.16	11.34

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR ROCE % Calculation

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-10.343	/	( ( (282.912 - 0.996)	+	(276.335 - 0.499) )	/ 2 )
	=	-10.343	/	( (281.916	+	275.836)	/ 2 )
	=	-10.343	/	278.876
	=	-3.71 %

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	31.204	/	( ( (275.922 - 1.198)	+	(276.335 - 0.499) )	/ 2 )
	=	31.204	/	( ( 274.724	+	275.836 )	/ 2 )
	=	31.204	/	275.28
	=	11.34 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR (BSP:ECPR4) 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.

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR ROCE % Related Terms

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Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR (BSP:ECPR4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Empresa Nacional de Comercio Redito e Participacoes SA - ENCORPAR (BSP:ECPR4) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Aimores 981 street, 12th Floor, Minas Gerais, Belo Horizonte, BRA, 30140071

Website

http://www.encorpar.com.br

Empresa Nacional de Comercio Redito e Participacoes SA - ENCORPAR is engaged in production and sale of yarns and fabrics. The company is also engaged in commercialization, import & export of textiles. It also carries out cattle breeding, livestock and agricultural activities.

Empresa Nacional de Comercio Redito e Participacoes - ENCORPAR (BSP:ECPR4) Headlines

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