International Meal Co Alimentacao (BSP:MEAL3) ROCE % : 0.57% (As of Dec. 2023)

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What is International Meal Co Alimentacao 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. International Meal Co Alimentacao's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.57%.

International Meal Co Alimentacao ROCE % Historical Data

The historical data trend for International Meal Co Alimentacao'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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International Meal Co Alimentacao ROCE % Chart

International Meal Co Alimentacao Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.48

-24.38

-0.78

10.66

3.52

International Meal Co Alimentacao 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															41.83	-2.77	5.69	12.01	0.57

International Meal Co Alimentacao ROCE % Calculation

International Meal Co Alimentacao'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 )
	=	77.669	/	( ( (2954.544 - 739.917)	+	(2740 - 547.024) )	/ 2 )
	=	77.669	/	( (2214.627	+	2192.976)	/ 2 )
	=	77.669	/	2203.8015
	=	3.52 %

International Meal Co Alimentacao'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 )
	=	12.552	/	( ( (2757.444 - 570.478)	+	(2740 - 547.024) )	/ 2 )
	=	12.552	/	( ( 2186.966	+	2192.976 )	/ 2 )
	=	12.552	/	2189.971
	=	0.57 %

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

International Meal Co Alimentacao (BSP:MEAL3) 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.

International Meal Co Alimentacao ROCE % Related Terms

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International Meal Co Alimentacao (BSP:MEAL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » International Meal Co Alimentacao SA (BSP:MEAL3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida das Nacoes Unidas, 4.777, 12th Floor, Jardim Universidade Pinheiros, Sao Paulo, SP, BRA, 5477902

Website

http://ri.internationalmealcompany.com

International Meal Co Alimentacao SA is a Brazil-based company principally engaged in the sale of food and beverages to restaurants, snack bars, coffee shops, cafes on motorways, airports, shopping malls, and airline catering services. It also subleases stores and spaces for promotional and commercial purposes in its store chain, upon the sale of fuel, and provides general services related to these segments. The company operates in five segments: Shopping malls, Airports, Highways, the United States of America (USA), and Others. Some of its brands are Viena, Olive Garden, Margaritaville, KFC Brazil, and Pizza Hut Brazil. Its geographical segments are Brazil, The Caribbean, and the USA.

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