SYN Prop E Tech (SYN Prop E Tech) ROCE % : 6.59% (As of Dec. 2023)

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What is SYN Prop E Tech 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. SYN Prop E Tech's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.59%.

SYN Prop E Tech ROCE % Historical Data

The historical data trend for SYN Prop E Tech'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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SYN Prop E Tech ROCE % Chart

SYN Prop E Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.10

4.86

34.08

4.90

6.05

SYN Prop E Tech 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															2.93	4.82	5.82	6.54	6.59

SYN Prop E Tech ROCE % Calculation

SYN Prop E Tech'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 )
	=	47.219	/	( ( (776.886 - 18.025)	+	(817.272 - 16.099) )	/ 2 )
	=	47.219	/	( (758.861	+	801.173)	/ 2 )
	=	47.219	/	780.017
	=	6.05 %

SYN Prop E Tech'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 )
	=	52.548	/	( ( (815.442 - 21.813)	+	(817.272 - 16.099) )	/ 2 )
	=	52.548	/	( ( 793.629	+	801.173 )	/ 2 )
	=	52.548	/	797.401
	=	6.59 %

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

SYN Prop E Tech (OTCPK:SYYNY) 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.

SYN Prop E Tech ROCE % Related Terms

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SYN Prop E Tech (SYN Prop E Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SYN Prop E Tech SA (OTCPK:SYYNY) » Definitions » ROCE %

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SYNE3:Brazil

Address

Avenida Brigadeiro Faria Lima, 3600, 14th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132

Website

https://www.ccpsa.com.br

SYN Prop E Tech SA is involved in the real estate sector. It focuses on the development, trade, and management of commercial properties in Brazil. Its portfolio includes shopping centres and corporate buildings. Business is organized into three operating segments being Buildings, Shopping malls, Services and Others. Key revenue is earned from the Building division which is engaged in the sale and lease of commercial buildings. Shopping malls consists of the lease of stores in shopping malls. Services consists of services involving the management of shopping malls, development of properties and operation of parking lots. Other consists of the lease of other types of properties.