Corporacion Financiera Colombiana (Corporacion Financiera Colombiana) ROCE % : -26.53% (As of Dec. 2023)

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What is Corporacion Financiera Colombiana 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. Corporacion Financiera Colombiana's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.53%.

Corporacion Financiera Colombiana ROCE % Historical Data

The historical data trend for Corporacion Financiera Colombiana'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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Corporacion Financiera Colombiana ROCE % Chart

Corporacion Financiera Colombiana Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.98

9.23

7.92

8.02

3.95

Corporacion Financiera Colombiana Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-9.69	17.96	11.76	9.97	-26.53

Corporacion Financiera Colombiana ROCE % Calculation

Corporacion Financiera Colombiana'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 )
	=	401.981	/	( ( (11329.321 - 2315.43)	+	(14302.542 - 2980.835) )	/ 2 )
	=	401.981	/	( (9013.891	+	11321.707)	/ 2 )
	=	401.981	/	10167.799
	=	3.95 %

Corporacion Financiera Colombiana'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3300.804	/	( ( (13566.34 - 0)	+	(14302.542 - 2980.835) )	/ 2 )
	=	-3300.804	/	( ( 13566.34	+	11321.707 )	/ 2 )
	=	-3300.804	/	12444.0235
	=	-26.53 %

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

Corporacion Financiera Colombiana (OTCPK:CFDZY) 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.

Corporacion Financiera Colombiana ROCE % Related Terms

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Corporacion Financiera Colombiana (Corporacion Financiera Colombiana) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corporacion Financiera Colombiana SA (OTCPK:CFDZY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PFCORFICOL:Columbia CORFICOLCF:Columbia

Address

Carrera 13 No. 26-45, Floor 8, Bogota, COL

Website

https://www.corficolombiana.com

Corporacion Financiera Colombiana SA is a financial service provider based in Colombia. The company along with its subsidiaries provides investment banking, commercial banking, treasury, and investments services to its customers. Through its business divisions, it offers debt and capital resources, mergers and acquisitions services, liquidity solutions, and foreign currency.

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