Fomento de Construcciones y Contratas (FRA:FCC) ROCE % : 9.26% (As of Jun. 2023)

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What is Fomento de Construcciones y Contratas 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. Fomento de Construcciones y Contratas's annualized ROCE % for the quarter that ended in Jun. 2023 was 9.26%.

Fomento de Construcciones y Contratas ROCE % Historical Data

The historical data trend for Fomento de Construcciones y Contratas'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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Fomento de Construcciones y Contratas ROCE % Chart

Fomento de Construcciones y Contratas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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7.41

7.56

6.36

9.92

6.39

Fomento de Construcciones y Contratas Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															10.11	11.24	8.84	3.68	9.26

Fomento de Construcciones y Contratas ROCE % Calculation

Fomento de Construcciones y Contratas's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	670.9	/	( ( (14242.158 - 4235.552)	+	(15282.541 - 4296.933) )	/ 2 )
	=	670.9	/	( (10006.606	+	10985.608)	/ 2 )
	=	670.9	/	10496.107
	=	6.39 %

Fomento de Construcciones y Contratas's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1030.222	/	( ( (15282.541 - 4296.933)	+	(15968.905 - 4703.541) )	/ 2 )
	=	1030.222	/	( ( 10985.608	+	11265.364 )	/ 2 )
	=	1030.222	/	11125.486
	=	9.26 %

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

Fomento de Construcciones y Contratas (FRA:FCC) 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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Fomento de Construcciones y Contratas (FRA:FCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Fomento de Construcciones y Contratas SA (FRA:FCC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FMOCF:USA 0HAA:UK FCC:Spain FCC:Germany

Address

Federico Salmon, 13, Madrid, ESP, 28016

Website

http://www.fcc.es

Fomento de Construcciones y Contratas SA is in the business of environmental services, end to end water management, construction and cement. The company's activities include services related to urban water treatment, waste recovery, end to end water cycle and also infrastructure construction projects, building construction, manufacturing of cement and concrete and operation of quarries and mineral deposits. The firm derives majority of its revenues from environmental services segment. It carries out international operations in European, the US and Latin American markets.

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