Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) ROCE %: 6.21% (As of Dec. 2011)


What is Fundo de Recuperacao Economica do Estado do Espiritonto ROCE %?

Fundo de Recuperacao Economica do Estado do Espiritonto BSP:FRES11 ROCE % is 6.21% as of Dec. 2011.

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. Fundo de Recuperacao Economica do Estado do Espiritonto's annualized ROCE % for the quarter that ended in Dec. 2011 was 6.21%.

Fundo de Recuperacao Economica do Estado do Espiritonto  (BSP:FRES11) 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.

Fundo de Recuperacao Economica do Estado do Espiritonto ROCE % Related Terms

Fundo de Recuperacao Economica do Estado do Espiritonto ROCE % Historical Data

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The historical data trend for Fundo de Recuperacao Economica do Estado do Espiritonto'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.

Fundo de Recuperacao Economica do Estado do Espiritonto ROCE % Chart

Fundo de Recuperacao Economica do Estado do Espiritonto Annual Data
Trend Dec09 Dec10 Dec11
ROCE %
0.18 3.24 6.21

Fundo de Recuperacao Economica do Estado do Espiritonto Semi-Annual Data
Dec09 Dec10 Dec11
ROCE % 0.18 3.24 6.21

Fundo de Recuperacao Economica do Estado do Espiritonto ROCE % Calculation

Fundo de Recuperacao Economica do Estado do Espiritonto's annualized ROCE % for the fiscal year that ended in Dec. 2011 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2011 )  (A: Dec. 2010 )(A: Dec. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2011 )  (A: Dec. 2010 )(A: Dec. 2011 )
=16.052/( ( (255.756 - 0.259) + (261.419 - 0.259) )/ 2 )
=16.052/( (255.497+261.16)/ 2 )
=16.052/258.3285
=6.21 %

Fundo de Recuperacao Economica do Estado do Espiritonto's ROCE % of for the quarter that ended in Dec. 2011 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2011 )  (Q: Dec. 2010 )(Q: Dec. 2011 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2011 )  (Q: Dec. 2010 )(Q: Dec. 2011 )
=16.052/( ( (255.756 - 0.259) + (261.419 - 0.259) )/ 2 )
=16.052/( ( 255.497 + 261.16 )/ 2 )
=16.052/258.3285
=6.21 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2011) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 6.21% mean?
Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) has a ROCE % of 6.21% as of Dec. 2011.
Is Fundo de Recuperacao Economica do Estado do Espiritonto's ROCE % too high?
Fundo de Recuperacao Economica do Estado do Espiritonto's current ROCE % is 6.21%. The Asset Management industry median ROCE % is 4.39. Fundo de Recuperacao Economica do Estado do Espiritonto's value of 6.21% is 41.5% above this industry median.
How does Fundo de Recuperacao Economica do Estado do Espiritonto's ROCE % compare to competitors?
Fundo de Recuperacao Economica do Estado do Espiritonto's ROCE % of 6.21% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.39. Fundo de Recuperacao Economica do Estado do Espiritonto's value of 6.21% is 41.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Asset Management company?
The median ROCE % among Asset Management companies is 4.39, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo de Recuperacao Economica do Estado do Espiritonto's current ROCE % of 6.21% is 41.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo de Recuperacao Economica do Estado do Espiritonto's current ROCE % is 6.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo de Recuperacao Economica do Estado do Espiritonto stock overvalued right now?
Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11) has a current ROCE % of 6.21%. The current ROCE % is 6.21% and 41.5% above the Asset Management industry median of 4.39. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Fundo de Recuperacao Economica do Estado do Espiritonto (BSP:FRES11), the current ROCE % is 6.21% as of Dec. 2011. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fundo de Recuperacao Economica do Estado do Espiritonto Business Description

Address R. Alberto Oliveira Santos, 42 - Sala 1.506, Vitoria, ES, BRA, 29010901
Fundo de Recuperacao Economica do Estado do Espirito Santo is an open-end pension fund that collect GST and income tax based on taxable income.