Marfrig Global Foods (Marfrig Global Foods) ROCE % : 5.72% (As of Dec. 2023)

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What is Marfrig Global Foods 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. Marfrig Global Foods's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.72%.

Marfrig Global Foods ROCE % Historical Data

The historical data trend for Marfrig Global Foods'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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Marfrig Global Foods ROCE % Chart

Marfrig Global Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.26

26.75

36.00

10.24

0.96

Marfrig Global Foods 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															-2.91	-1.23	-0.33	0.62	5.72

Marfrig Global Foods ROCE % Calculation

Marfrig Global Foods'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 )
	=	174.985	/	( ( (25947.368 - 7705.91)	+	(26726.527 - 8606.652) )	/ 2 )
	=	174.985	/	( (18241.458	+	18119.875)	/ 2 )
	=	174.985	/	18180.6665
	=	0.96 %

Marfrig Global Foods'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 )
	=	1037.116	/	( ( (27123.922 - 8992.242)	+	(26726.527 - 8606.652) )	/ 2 )
	=	1037.116	/	( ( 18131.68	+	18119.875 )	/ 2 )
	=	1037.116	/	18125.7775
	=	5.72 %

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

Marfrig Global Foods (OTCPK:MRRTY) 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.

Marfrig Global Foods ROCE % Related Terms

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Marfrig Global Foods (Marfrig Global Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Marfrig Global Foods SA (OTCPK:MRRTY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MGP1:Germany MRFG3:Brazil

Address

Avenida Queiroz Filho, 1560, Torre Sabia, 3rd Floor, Vila Hamburguesa, Sao Paulo, SP, BRA, 05319-000

Website

https://www.marfrig.com.br

Marfrig Global Foods SA is a Brazilian-based food processing company that produces, processes, and distributes meat and non-meat products. The company has operations worldwide, including in Brazil, Argentina, Chile, Uruguay, and the United States. The company's activities include production and processing of foods made from animal proteins as well as other products such as frozen vegetables and sauces. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.

Marfrig Global Foods (Marfrig Global Foods) Headlines

From GuruFocus

Marfrig Announces Final Settlement of: Offer to Purchase for Cash Any and All of the Outstanding 11.250% Senior Notes due 2021 (CUSIP Nos. 56656UAE2; N54468AC2 / ISIN Nos. US56656UAE29; USN54468AC22) and 8.000% Senior Notes due 2023 (CUSIP Nos. 56656UAH5;

By PRNewswire PRNewswire • 05-28-2019

Processed Meat Producers on the Rise

By Graham Griffin Graham Griffin • 06-24-2020

Marfrig Announces Commencement of Offer to Purchase for Cash Any and All of the Outstanding 11.250% Senior Notes due 2021 (CUSIP Nos. 56656UAE2; N54468AC2 / ISIN Nos. US56656UAE29; USN54468AC22) and 8.000% Senior Notes due 2023 (CUSIP Nos. 56656UAH5; N544

By PRNewswire PRNewswire • 04-26-2019

Marfrig Announces Final Settlement of: Offer to Purchase for Cash Up to U.S.$1,750,000,000, on a Total Cash Basis, of Outstanding 6.875% Senior Notes due 2025 (CUSIP Nos. 566007 AB6; G5825A AB8 / ISIN Nos. US566007AB67; USG5825AAB82) and 7.000% Senior Not

By PRNewswire PRNewswire • 02-10-2021

Marfrig Announces Early Tender Results of: Offer to Purchase for Cash Up to U.S.$1,750,000,000, on a Total Cash Basis, of Outstanding 6.875% Senior Notes due 2025 (CUSIP Nos. 566007 AB6; G5825A AB8 / ISIN Nos. US566007AB67; USG5825AAB82) and 7.000% Senior

By PRNewswire PRNewswire • 01-27-2021

Marfrig Announces Early Tender Results of: Offer to Purchase for Cash Any and All of the Outstanding 11.250% Senior Notes due 2021 (CUSIP Nos. 56656UAE2; N54468AC2 / ISIN Nos. US56656UAE29; USN54468AC22) and 8.000% Senior Notes due 2023 (CUSIP Nos. 56656U

By PRNewswire PRNewswire • 05-10-2019

Marfrig on Sale With Rise in Beef and Weak Brazilian Stock Market

By Holmes Osborne, CFA • 07-18-2022