Boafra Sementes (BSP:SOJA3) ROCE % : 3.75% (As of Mar. 2024)

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What is Boafra Sementes 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. Boafra Sementes's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.75%.

Boafra Sementes ROCE % Historical Data

The historical data trend for Boafra Sementes'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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Boafra Sementes ROCE % Chart

Boafra Sementes Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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47.40

75.33

34.50

23.22

19.18

Boafra Sementes Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													-5.72	14.74	37.08	29.96	3.75

Boafra Sementes ROCE % Calculation

Boafra Sementes'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 )
	=	304.721	/	( ( (1449.473 - 292.28)	+	(2358.531 - 338.089) )	/ 2 )
	=	304.721	/	( (1157.193	+	2020.442)	/ 2 )
	=	304.721	/	1588.8175
	=	19.18 %

Boafra Sementes'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 )
	=	69.856	/	( ( (2358.531 - 338.089)	+	(2633.34 - 927.038) )	/ 2 )
	=	69.856	/	( ( 2020.442	+	1706.302 )	/ 2 )
	=	69.856	/	1863.372
	=	3.75 %

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

Boafra Sementes (BSP:SOJA3) 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.

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Boafra Sementes (BSP:SOJA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Boa Safra Sementes SA (BSP:SOJA3) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Avenue Circular no.211 - A, 1 Setor Industrial, Formosa, GO, BRA, 73813-170

Website

https://boasafrasementes.com.br

Boa Safra Sementes SA is engaged in the production of soybean seeds in Brazil. With the production of certified seeds in partnership with the largest technology providers, it offers treatments with various chemical and genetic components adapted to ensure high rates of germination and vigor. Its complete portfolio of quality soy seeds also includes corn and bean seeds.

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