Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) ROCE % : 20.83% (As of Dec. 2023)

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What is Merito Desenvolvimento Imobiliario I FII 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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.83%.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ROCE % Historical Data

The historical data trend for Merito Desenvolvimento Imobiliario I FII 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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Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ROCE % Chart

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-1.55

11.05

20.83

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-1.55	11.05	20.83

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ROCE % Calculation

Merito Desenvolvimento Imobiliario I FII 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 )
	=	98.553	/	( ( (462.459 - 23.995)	+	(530.821 - 23.084) )	/ 2 )
	=	98.553	/	( (438.464	+	507.737)	/ 2 )
	=	98.553	/	473.1005
	=	20.83 %

Merito Desenvolvimento Imobiliario I FII 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 )
	=	98.553	/	( ( (462.459 - 23.995)	+	(530.821 - 23.084) )	/ 2 )
	=	98.553	/	( ( 438.464	+	507.737 )	/ 2 )
	=	98.553	/	473.1005
	=	20.83 %

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

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) 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.

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ROCE % Related Terms

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Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MFCR11:Brazil

Address

Rua Funchal, 418 - 21 andar, Sao Paulo, SP, BRA, 04548-004

Website

https://www.meritoinvestimentos.com

Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.

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