Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11) ROCE % : 7.46% (As of Dec. 2023)

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What is Patria Renda Urbana - Fundo De Investimento Imobiliario Resp 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. Patria Renda Urbana - Fundo De Investimento Imobiliario Resp's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.46%.

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp ROCE % Historical Data

The historical data trend for Patria Renda Urbana - Fundo De Investimento Imobiliario Resp'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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Patria Renda Urbana - Fundo De Investimento Imobiliario Resp ROCE % Chart

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.90

5.79

7.41

7.91

7.46

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			2.90	5.79	7.41	7.91	7.46

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp ROCE % Calculation

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp'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 )
	=	181.745	/	( ( (2505.554 - 90.778)	+	(2580.897 - 124.005) )	/ 2 )
	=	181.745	/	( (2414.776	+	2456.892)	/ 2 )
	=	181.745	/	2435.834
	=	7.46 %

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp'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 )
	=	181.745	/	( ( (2505.554 - 90.778)	+	(2580.897 - 124.005) )	/ 2 )
	=	181.745	/	( ( 2414.776	+	2456.892 )	/ 2 )
	=	181.745	/	2435.834
	=	7.46 %

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

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp (BSP:HGRU11) 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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Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Ltd (BSP:HGRU11) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Leopoldo Couto de Magalhaes Jr. Street, 700, 11th Floor- Itaim Bibi, Sao Paulo, SP, BRA, 04542-000

Website

https://www.credit-suisse.com

Patria Renda Urbana - Fundo De Investimento Imobiliario Resp Ltd formerly Credit Suisse Hedging-Griffo CV SA was established on April 27, 2018 in the form of a closed condominium. The purpose of the Fund is the exploitation of urban real estate projects for institutional and commercial use, which potentially generate income through disposal, leasing or leasing, if they meet the classification criteria and the Fund's investment policy, provided that the Fund will prioritize the acquisition of institutional or commercial real estate projects that are not corporate buildings, shopping malls or those in the logistics area".

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