Sociedad Punta del Cobre (XSGO:PUCOBRE) ROCE % : 10.77% (As of Mar. 2024)

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What is Sociedad Punta del Cobre 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. Sociedad Punta del Cobre's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.77%.

Sociedad Punta del Cobre ROCE % Historical Data

The historical data trend for Sociedad Punta del Cobre'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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Sociedad Punta del Cobre ROCE % Chart

Sociedad Punta del Cobre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.15

15.28

31.32

18.69

8.24

Sociedad Punta del Cobre Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.09	1.48	6.11	13.04	10.77

Sociedad Punta del Cobre ROCE % Calculation

Sociedad Punta del Cobre'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 )
	=	40005.552	/	( ( (561806.024 - 79396.443)	+	(595587.587 - 107241.906) )	/ 2 )
	=	40005.552	/	( (482409.581	+	488345.681)	/ 2 )
	=	40005.552	/	485377.631
	=	8.24 %

Sociedad Punta del Cobre's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	52789.032	/	( ( (595587.587 - 107241.906)	+	(608553.513 - 117045.134) )	/ 2 )
	=	52789.032	/	( ( 488345.681	+	491508.379 )	/ 2 )
	=	52789.032	/	489927.03
	=	10.77 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Sociedad Punta del Cobre (XSGO:PUCOBRE) 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.

Sociedad Punta del Cobre ROCE % Related Terms

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Sociedad Punta del Cobre (XSGO:PUCOBRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Punta del Cobre SA (XSGO:PUCOBRE) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Rancagua 200, Copiapo, CHL

Website

http://www.pucobre.cl

Sociedad Punta del Cobre SA a Chilean mining company. It is specialized in the exploitation of medium-sized copper deposits. The company's operations are located mainly in the Atacama Region. The firm is engaged in developing two projects for the exploitation of copper, El Espino, and Tovaku, located in Coquimbo Region and the Antofagasta Region, respectively.

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