Cofina SGPS (CHIX:CFNU) ROCE % : -61.41% (As of Dec. 2023)

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What is Cofina SGPS 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. Cofina SGPS's annualized ROCE % for the quarter that ended in Dec. 2023 was -61.41%.

Cofina SGPS ROCE % Historical Data

The historical data trend for Cofina SGPS'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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Cofina SGPS ROCE % Chart

Cofina SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.75

8.99

13.45

-1.42

-22.96

Cofina SGPS Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															14.34	13.94	-16.80	13.02	-61.41

Cofina SGPS ROCE % Calculation

Cofina SGPS'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 )
	=	-14.176	/	( ( (136.477 - 67.923)	+	(68.322 - 13.411) )	/ 2 )
	=	-14.176	/	( (68.554	+	54.911)	/ 2 )
	=	-14.176	/	61.7325
	=	-22.96 %

Cofina SGPS'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-37.108	/	( ( (120.645 - 54.71)	+	(68.322 - 13.411) )	/ 2 )
	=	-37.108	/	( ( 65.935	+	54.911 )	/ 2 )
	=	-37.108	/	60.423
	=	-61.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Cofina SGPS (CHIX:CFNu) 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.

Cofina SGPS ROCE % Related Terms

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Cofina SGPS (CHIX:CFNU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cofina SGPS SA (CHIX:CFNu) » Definitions » ROCE %

Traded in Other Exchanges

CFN:Portugal

Address

Rua Manuel Pinto Azevedo, 818, Porto, PRT, 4100-320

Website

http://www.cofina.pt

Cofina SGPS SA is engaged in the business of publication, particularly in Portugal. Its publication portfolio includes daily newspaper Correio da Manha daily sports newspaper Record, a daily economic newspaper Jornal De Negocios and the weekly newsmagazine Sabado and also has a cable television channel. The company's operating segments are Press and Television. It generates a majority of its revenue from press segment.

Cofina SGPS (CHIX:CFNU) Headlines

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