Legatus Shoppings Fundo DE Investimento Imobiliario - FII (BSP:LASC11) ROCE % : 8.71% (As of Dec. 2023)

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What is Legatus Shoppings Fundo DE Investimento Imobiliario - FII 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. Legatus Shoppings Fundo DE Investimento Imobiliario - FII's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.71%.

Legatus Shoppings Fundo DE Investimento Imobiliario - FII ROCE % Historical Data

The historical data trend for Legatus Shoppings Fundo DE Investimento Imobiliario - FII'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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Legatus Shoppings Fundo DE Investimento Imobiliario - FII ROCE % Chart

Legatus Shoppings Fundo DE Investimento Imobiliario - FII Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

12.14

13.74

7.15

8.71

Legatus Shoppings Fundo DE Investimento Imobiliario - FII Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	-	12.14	13.74	7.15	8.71

Legatus Shoppings Fundo DE Investimento Imobiliario - FII ROCE % Calculation

Legatus Shoppings Fundo DE Investimento Imobiliario - FII'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 )
	=	30.053	/	( ( (316.984 - 2.491)	+	(378.124 - 2.795) )	/ 2 )
	=	30.053	/	( (314.493	+	375.329)	/ 2 )
	=	30.053	/	344.911
	=	8.71 %

Legatus Shoppings Fundo DE Investimento Imobiliario - FII'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 )
	=	30.053	/	( ( (316.984 - 2.491)	+	(378.124 - 2.795) )	/ 2 )
	=	30.053	/	( ( 314.493	+	375.329 )	/ 2 )
	=	30.053	/	344.911
	=	8.71 %

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

Legatus Shoppings Fundo DE Investimento Imobiliario - FII (BSP:LASC11) 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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Legatus Shoppings Fundo DE Investimento Imobiliario - FII Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Legatus Shoppings Fundo DE Investimento Imobiliario - FII (BSP:LASC11) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Praia de Botafogo, 501, Rio de Janeiro, RJ, BRA, CEP: 22250040

Website

https://www.btgpactual.com

Legatus Shoppings Fundo DE Investimento Imobiliario - FII is a Brazil-based company. Its objective is to obtain income through the real estate exploration of Real Estate Assets, as well as capital gains, through the purchase and sale of Real Estate Assets and the investment of resources, predominantly in Real Estate Assets.

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