Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios (BSP:IRDM11) ROCE % : 5.39% (As of Jun. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios 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. Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios's annualized ROCE % for the quarter that ended in Jun. 2023 was 5.39%.

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios ROCE % Historical Data

The historical data trend for Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios'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.

* Premium members only.

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios ROCE % Chart

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

15.11

10.03

14.04

14.46

5.39

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios Semi-Annual Data
	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial			15.11	10.03	14.04	14.46	5.39

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios ROCE % Calculation

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	173.212	/	( ( (3213.801 - 46.251)	+	(3305.82 - 40.306) )	/ 2 )
	=	173.212	/	( (3167.55	+	3265.514)	/ 2 )
	=	173.212	/	3216.532
	=	5.39 %

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	173.212	/	( ( (3213.801 - 46.251)	+	(3305.82 - 40.306) )	/ 2 )
	=	173.212	/	( ( 3167.55	+	3265.514 )	/ 2 )
	=	173.212	/	3216.532
	=	5.39 %

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

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios (BSP:IRDM11) 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 Investimento Imobiliario Iridium Recebiveis Imobiliarios ROCE % Related Terms

Thank you for viewing the detailed overview of Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios (BSP:IRDM11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios (BSP:IRDM11) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Joaquim Floriano, 100, 9th Floor, Sao Paulo, SP, BRA, 04534-000

Website

https://www.iridiumgestao.com.br

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios is a real estate investment fund whose main focus is investment in real estate recieveable certificates.

Fundo Investimento Imobiliario Iridium Recebiveis Imobiliarios (BSP:IRDM11) Headlines

No Headlines