Management Report 2020
Management Report 2020
Return indicators
SLC Agrícola
The company understands that the calculation of return on equity, return on net
assets and return on invested capital must consider, in addition to the net result
for the period or operating result for the period, the net annual appreciation (based
on the annual Deloitte Touche Tohmatsu Consultores Ltda's independent report)
of the land value.
13.6% return on equity (+ 4.9 p.p.)
9.9% return on net assets (+ 3.3 p.p.)
12.9% return on invested capital (+ 3.7 p.p.)
TABLE 27. RETURN ON EQUITY
(R$'000)
Net revenue¹
Net land appreciation²
Subtotal
Shareholders equity³
Return
2014
2015
2016
2017
2018
2019
2020
70
121
16
289
405
293
511
428
140
199
19
110
142
216
498
261
215
308
515
435
727
3,771
13.2%
3,911
6.7%
4,346
4.9%
4,438
6.9%
4,641
4,973
5,361
11.1%
8.7%
13.6%
1. Even in periods that contemplate net results from land sales, this analysis considers only the profit from the "agricultural operation", since the gains from land appreciation are
being considered in a specific line.
2. Based on an independent report (Deloitte), updated in October 2020; net of tax.
3. Adjusted by land appreciation
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