Teixeira Duarte (STU:TXC2) ROCE % : 6.51% (As of Dec. 2023)

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What is Teixeira Duarte 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. Teixeira Duarte's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.51%.

Teixeira Duarte ROCE % Historical Data

The historical data trend for Teixeira Duarte'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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Teixeira Duarte ROCE % Chart

Teixeira Duarte Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.18

2.97

-10.61

2.04

7.66

Teixeira Duarte 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															-19.66	3.93	-	8.84	6.51

Teixeira Duarte ROCE % Calculation

Teixeira Duarte'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 )
	=	73.739	/	( ( (1698.495 - 670.926)	+	(1518.641 - 621.245) )	/ 2 )
	=	73.739	/	( (1027.569	+	897.396)	/ 2 )
	=	73.739	/	962.4825
	=	7.66 %

Teixeira Duarte'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 )
	=	60.12	/	( ( (1562.952 - 614.688)	+	(1518.641 - 621.245) )	/ 2 )
	=	60.12	/	( ( 948.264	+	897.396 )	/ 2 )
	=	60.12	/	922.83
	=	6.51 %

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

Teixeira Duarte (STU:TXC2) 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.

Teixeira Duarte ROCE % Related Terms

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Teixeira Duarte (STU:TXC2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Teixeira Duarte SA (STU:TXC2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TDSA:Portugal

Address

Lagoas Park, Edificio 2, Porto Salvo, Oeiras, PRT, 2740-265

Website

https://www.teixeiraduarte.pt

Teixeira Duarte SA is engaged in the business of the undertaking and management of investments, the coordination and supervision of other companies included in or related to its corporate group, operating in areas of strategic and organizational planning as well as the provision of administrative, and management, consulting, operational assistance in terms of human resources, technical and financial services in which the company has the stake. The firm has in construction, concessions and services, real estate, hospitality, distribution and automotive business sectors. The company operates in Portugal, Angola, Algeria, Brazil, Spain, France, Morocco, Mozambique, and Venezuela.

Teixeira Duarte (STU:TXC2) Headlines

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