Plascar Participacoes Industriais (BSP:PLAS3) ROCE % : -26.24% (As of Mar. 2024)

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What is Plascar Participacoes Industriais 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. Plascar Participacoes Industriais's annualized ROCE % for the quarter that ended in Mar. 2024 was -26.24%.

Plascar Participacoes Industriais ROCE % Historical Data

The historical data trend for Plascar Participacoes Industriais'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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Plascar Participacoes Industriais ROCE % Chart

Plascar Participacoes Industriais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.41

-27.84

-21.51

25.64

Plascar Participacoes Industriais 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															-81.00	205.85	-11.65	-28.75	-26.24

Plascar Participacoes Industriais ROCE % Calculation

Plascar Participacoes Industriais'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 )
	=	41.067	/	( ( (747.739 - 626.719)	+	(679.089 - 479.8) )	/ 2 )
	=	41.067	/	( (121.02	+	199.289)	/ 2 )
	=	41.067	/	160.1545
	=	25.64 %

Plascar Participacoes Industriais'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 )
	=	-49.448	/	( ( (679.089 - 479.8)	+	(705.175 - 527.588) )	/ 2 )
	=	-49.448	/	( ( 199.289	+	177.587 )	/ 2 )
	=	-49.448	/	188.438
	=	-26.24 %

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

Plascar Participacoes Industriais (BSP:PLAS3) 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.

Plascar Participacoes Industriais ROCE % Related Terms

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Plascar Participacoes Industriais (BSP:PLAS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Plascar Participacoes Industriais SA (BSP:PLAS3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Wilhelm Winter, 300 Distrito Industrial, Jundiai, SP, BRA, CEP 13213-000

Website

https://www.plascar.com.br

Plascar Participacoes Industriais SA is engaged in manufacturing and distributing auto parts. The company with its subsidiaries is involved in the manufacturing and sales of pieces and parts related to internal and external finishing of automotive vehicles. In addition, the company is also involved in the manufacturing of non-automotive products, such as supermarket trolleys, multipurpose boxes, ecological pallets, and furniture. The company product portfolio includes products like includes bumpers, instrument panels, air diffusers, cup holders, side doors, door pockets, and carpets.

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