Fundo DE Investimento Imobiliario Rec Logistica (BSP:RELG11) ROCE % : 3.04% (As of Dec. 2023)

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What is Fundo DE Investimento Imobiliario Rec Logistica 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 DE Investimento Imobiliario Rec Logistica's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.04%.

Fundo DE Investimento Imobiliario Rec Logistica ROCE % Historical Data

The historical data trend for Fundo DE Investimento Imobiliario Rec Logistica'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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Fundo DE Investimento Imobiliario Rec Logistica ROCE % Chart

Fundo DE Investimento Imobiliario Rec Logistica Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

28.62

5.59

3.04

Fundo DE Investimento Imobiliario Rec Logistica Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	-	28.62	5.59	3.04

Fundo DE Investimento Imobiliario Rec Logistica ROCE % Calculation

Fundo DE Investimento Imobiliario Rec Logistica'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 )
	=	7.02	/	( ( (233.835 - 3.288)	+	(233.22 - 1.202) )	/ 2 )
	=	7.02	/	( (230.547	+	232.018)	/ 2 )
	=	7.02	/	231.2825
	=	3.04 %

Fundo DE Investimento Imobiliario Rec Logistica'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 )
	=	7.02	/	( ( (233.835 - 3.288)	+	(233.22 - 1.202) )	/ 2 )
	=	7.02	/	( ( 230.547	+	232.018 )	/ 2 )
	=	7.02	/	231.2825
	=	3.04 %

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

Fundo DE Investimento Imobiliario Rec Logistica (BSP:RELG11) 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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Fundo DE Investimento Imobiliario Rec Logistica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fundo DE Investimento Imobiliario Rec Logistica (BSP:RELG11) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Iguatemi, 151 – 19th Floor, São Paulo, SP, BRA, CEP: 1451011

Website

https://www.brltrust.com.br/?lang=en

Fundo DE Investimento Imobiliario Rec Logistica is a Brazil-based company. It engaged in investing in real estate projects, ready-made properties, land, or properties under construction, intended for the exploration of logistical, storage, distribution, commercial or industrial activities, and, in addition, in real rights over target properties, which generate income.

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