Rumo (BSP:RAIL3) ROCE % : 13.31% (As of Dec. 2023)

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What is Rumo 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. Rumo's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.31%.

Rumo ROCE % Historical Data

The historical data trend for Rumo'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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Rumo ROCE % Chart

Rumo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.88

6.80

6.68

8.43

10.66

Rumo 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															9.41	8.26	9.13	11.81	13.31

Rumo ROCE % Calculation

Rumo'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 )
	=	4477.016	/	( ( (45951.745 - 5690.421)	+	(49238.436 - 5477.537) )	/ 2 )
	=	4477.016	/	( (40261.324	+	43760.899)	/ 2 )
	=	4477.016	/	42011.1115
	=	10.66 %

Rumo'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 )
	=	5811.364	/	( ( (49319.503 - 5770.255)	+	(49238.436 - 5477.537) )	/ 2 )
	=	5811.364	/	( ( 43549.248	+	43760.899 )	/ 2 )
	=	5811.364	/	43655.0735
	=	13.31 %

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

Rumo (BSP:RAIL3) 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.

Rumo ROCE % Related Terms

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Rumo (BSP:RAIL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rumo SA (BSP:RAIL3) » Definitions » ROCE %

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RUMOF:USA

Address

Rua Emilio Bertolini, 100, Oficinas, Curitiba, PR, BRA, 82920-030

Website

https://www.rumolog.com

Rumo SA is a logistics provider operating in Brazil. The company provides services to export commodities, providing an integrated transport solution, handling, storage and shipment from the production centres to the main southern and southeast ports. Its operating segment includes North Operations; South Operations, and Container Operations. The company generates maximum revenue from the North Operations segment. The company's revenue consists of rail freight services, road freight, transport containers, storage and transhipment, and port lifting.

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