Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) ROCE % : 9.41% (As of Dec. 2023)

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What is Hedge Brasil Shopping Fundo DE Investimento Imobiliario 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. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.41%.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario ROCE % Historical Data

The historical data trend for Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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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Hedge Brasil Shopping Fundo DE Investimento Imobiliario ROCE % Chart

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.70

-3.70

2.53

7.68

9.41

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial											7.70	-3.70	2.53	7.68	9.41

Hedge Brasil Shopping Fundo DE Investimento Imobiliario ROCE % Calculation

Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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 )
	=	243.089	/	( ( (2243.411 - 24.222)	+	(3269.122 - 321.936) )	/ 2 )
	=	243.089	/	( (2219.189	+	2947.186)	/ 2 )
	=	243.089	/	2583.1875
	=	9.41 %

Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	243.089	/	( ( (2243.411 - 24.222)	+	(3269.122 - 321.936) )	/ 2 )
	=	243.089	/	( ( 2219.189	+	2947.186 )	/ 2 )
	=	243.089	/	2583.1875
	=	9.41 %

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

Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) 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.

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Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) » Definitions » ROCE %

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Address

Avenue Presidente Juscelino Kubitschek, 1830, Tower IV - 7th floor, Itaim Bibi, Sao Paulo, SP, BRA, 4543900

Website

https://www.cshg.com.br

Hedge Brasil Shopping Fundo DE Investimento Imobiliario is a Brazilian real estate investment fund with objective to obtain capital appreciation by acquisition of interests in shopping centers. The objective of the Fund is the acquisition for commercial exploitation of commercial real estate projects, which are duly built or are subject to renovations, improvements or expansions, through the acquisition of portions and/or the entirety of real estate projects, directly or indirectly, through the assets provided for in the Regulation, for subsequent sale, rental or leasing, including assets and rights related to them.

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