CTT-Correios de Portugal (CTT-Correios de Portugal) ROCE % : 10.95% (As of Dec. 2023)

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What is CTT-Correios de Portugal 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. CTT-Correios de Portugal's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.95%.

CTT-Correios de Portugal ROCE % Historical Data

The historical data trend for CTT-Correios de Portugal'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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CTT-Correios de Portugal ROCE % Chart

CTT-Correios de Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.41

4.58

7.53

5.70

8.08

CTT-Correios de Portugal 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															6.52	9.12	5.69	7.13	10.95

CTT-Correios de Portugal ROCE % Calculation

CTT-Correios de Portugal'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 )
	=	84.993	/	( ( (4298.186 - 3223.661)	+	(5187.178 - 4158.949) )	/ 2 )
	=	84.993	/	( (1074.525	+	1028.229)	/ 2 )
	=	84.993	/	1051.377
	=	8.08 %

CTT-Correios de Portugal'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 )
	=	113.268	/	( ( (4618.408 - 3578.079)	+	(5187.178 - 4158.949) )	/ 2 )
	=	113.268	/	( ( 1040.329	+	1028.229 )	/ 2 )
	=	113.268	/	1034.279
	=	10.95 %

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

CTT-Correios de Portugal (GREY:CTTPY) 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.

CTT-Correios de Portugal ROCE % Related Terms

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CTT-Correios de Portugal (CTT-Correios de Portugal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (GREY:CTTPY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal 0QIM:UK C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.