MRV Engenharia e Participacoes (BSP:MRVE3) ROCE % : -1.45% (As of Mar. 2024)

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What is MRV Engenharia e Participacoes 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. MRV Engenharia e Participacoes's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.45%.

MRV Engenharia e Participacoes ROCE % Historical Data

The historical data trend for MRV Engenharia e Participacoes'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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MRV Engenharia e Participacoes ROCE % Chart

MRV Engenharia e Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.95

6.35

8.32

2.61

2.71

MRV Engenharia e Participacoes 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															-0.10	9.21	-0.70	3.53	-1.45

MRV Engenharia e Participacoes ROCE % Calculation

MRV Engenharia e Participacoes'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 )
	=	501.231	/	( ( (22601.329 - 5063.732)	+	(25071.702 - 5626.218) )	/ 2 )
	=	501.231	/	( (17537.597	+	19445.484)	/ 2 )
	=	501.231	/	18491.5405
	=	2.71 %

MRV Engenharia e Participacoes'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 )
	=	-281.524	/	( ( (25071.702 - 5626.218)	+	(25922.629 - 6478.901) )	/ 2 )
	=	-281.524	/	( ( 19445.484	+	19443.728 )	/ 2 )
	=	-281.524	/	19444.606
	=	-1.45 %

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

MRV Engenharia e Participacoes (BSP:MRVE3) 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.

MRV Engenharia e Participacoes ROCE % Related Terms

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MRV Engenharia e Participacoes (BSP:MRVE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » MRV Engenharia e Participacoes SA (BSP:MRVE3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Professor Mario Werneck Avenida, 621, Estoril, 1st Floor, Belo Horizonte, MG, BRA, 30455-610

Website

https://www.mrv.com.br

MRV Engenharia e Participacoes SA is engaged in the management of own and third-party assets, development, construction and sale of Company-owned or third-party real estate, the provision of technical engineering services related to the functions of the technicians in charge, real estate consultancy services, dealing service of goods and services supply in residential real estate segment and holding equity interests in other companies as a shareholder. Real estate development and the construction of real estate are performed directly by the Company or other business partners. The operating segments of the company are Real estate development, Rental of residential properties and Urban land subdivisions. The rental of residential properties segment is split in United States (USA) and Brazil.

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