Construtora Tenda (BSP:TEND3) ROCE % : 5.17% (As of Dec. 2023)

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What is Construtora Tenda 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. Construtora Tenda's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.17%.

Construtora Tenda ROCE % Historical Data

The historical data trend for Construtora Tenda'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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Construtora Tenda ROCE % Chart

Construtora Tenda Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.43

9.45

-1.82

-9.47

4.22

Construtora Tenda 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															-12.53	4.01	3.55	4.44	5.17

Construtora Tenda ROCE % Calculation

Construtora Tenda'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 )
	=	119.283	/	( ( (4128.354 - 1480.766)	+	(4545.145 - 1544.511) )	/ 2 )
	=	119.283	/	( (2647.588	+	3000.634)	/ 2 )
	=	119.283	/	2824.111
	=	4.22 %

Construtora Tenda'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 )
	=	153.168	/	( ( (4561.617 - 1642.616)	+	(4545.145 - 1544.511) )	/ 2 )
	=	153.168	/	( ( 2919.001	+	3000.634 )	/ 2 )
	=	153.168	/	2959.8175
	=	5.17 %

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

Construtora Tenda (BSP:TEND3) 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.

Construtora Tenda ROCE % Related Terms

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Construtora Tenda (BSP:TEND3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Construtora Tenda SA (BSP:TEND3) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Rua Boa Vista, 280, Sao Paulo, SP, BRA, 01010-001

Website

https://www.tenda.com

Construtora Tenda SA is engaged in the performance of general construction works, real estate development, real estate purchase, and sale, the provision of general construction management services, the intermediation of the sale of consortium shares, and the holding of interests in other companies. The SPEs are exclusively engaged in real estate operations and are linked to specific projects. The company concentrates its activities in nine metropolitan regions of Brazil, uniquely operating within bracket 2 of the Casa Verde e Amarela federal government housing program. The company focuses on affordable housing which allows it to pursue scale gains and continuous improvement. It has a single SKU for no-elevator buildings.

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