Suzano (Suzano) ROCE % : 20.17% (As of Dec. 2023)

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What is Suzano 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. Suzano's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.17%.

Suzano ROCE % Historical Data

The historical data trend for Suzano'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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Suzano ROCE % Chart

Suzano Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.68

-13.75

11.96

29.99

18.42

Suzano 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															35.36	26.25	29.76	-2.00	20.17

Suzano ROCE % Calculation

Suzano'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 )
	=	4505.397	/	( ( (25393.291 - 2762.905)	+	(29305.895 - 3019.519) )	/ 2 )
	=	4505.397	/	( (22630.386	+	26286.376)	/ 2 )
	=	4505.397	/	24458.381
	=	18.42 %

Suzano'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 )
	=	5266.4	/	( ( (28675.136 - 2747.891)	+	(29305.895 - 3019.519) )	/ 2 )
	=	5266.4	/	( ( 25927.245	+	26286.376 )	/ 2 )
	=	5266.4	/	26106.8105
	=	20.17 %

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

Suzano (NYSE:SUZ) 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.

Suzano ROCE % Related Terms

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Suzano (Suzano) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Suzano SA (NYSE:SUZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SUZ:Mexico SUZB3:Brazil SUZ:Argentina

Address

Avenida Professor Magalhaes Neto, No. 1,752, 10th Floor, Rooms 1010 and 1011, Salvador, BA, BRA, 41810-011

Website

https://www.suzano.com.br

Suzano SA produces and sells pulp and a variety of paper products. The company organizes itself into two segments based on product type: Pulp and Paper. The Pulp segment generates the majority of revenue. The firm's product portfolio includes printing and writing paper, paperboard, diapers, and sanitary napkins. The company owns forest land and plants in Brazil, where it harvests timber and turns the timber into pulp and paper in its plants. More revenue comes from Europe than any other geographic area.