Bolsas Y Mercados Espanoles SHMSF (Bolsas Y Mercados Espanoles SHMSF) ROCE % : 34.49% (As of Jun. 2020)

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What is Bolsas Y Mercados Espanoles SHMSF 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. Bolsas Y Mercados Espanoles SHMSF's annualized ROCE % for the quarter that ended in Jun. 2020 was 34.49%.

Bolsas Y Mercados Espanoles SHMSF ROCE % Historical Data

The historical data trend for Bolsas Y Mercados Espanoles SHMSF'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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Bolsas Y Mercados Espanoles SHMSF ROCE % Chart

Bolsas Y Mercados Espanoles SHMSF Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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50.74

46.41

47.95

39.62

36.37

Bolsas Y Mercados Espanoles SHMSF Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
ROCE %	Get a 7-Day Free Trial															39.28	33.42	34.42	39.57	34.49

Bolsas Y Mercados Espanoles SHMSF ROCE % Calculation

Bolsas Y Mercados Espanoles SHMSF's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	180.966	/	( ( (16394.002 - 15893.601)	+	(14317.422 - 13822.619) )	/ 2 )
	=	180.966	/	( (500.401	+	494.803)	/ 2 )
	=	180.966	/	497.602
	=	36.37 %

Bolsas Y Mercados Espanoles SHMSF's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	186.536	/	( ( (12851.14 - 12325.865)	+	(15729.306 - 15172.776) )	/ 2 )
	=	186.536	/	( ( 525.275	+	556.53 )	/ 2 )
	=	186.536	/	540.9025
	=	34.49 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

Bolsas Y Mercados Espanoles SHMSF (GREY:SOHMF) 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.

Bolsas Y Mercados Espanoles SHMSF ROCE % Related Terms

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Bolsas Y Mercados Espanoles SHMSF (Bolsas Y Mercados Espanoles SHMSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bolsas Y Mercados Espanoles SHMSF SA (GREY:SOHMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palacio de la Bolsa, Plaza de la Lealtad 1, Madrid, ESP, 28014

Website

http://www.bolsasymercados.es

Bolsas Y Mercados Espanoles SHMSF SA is a financial market and securities exchange operator based in Spain but with global exposure. Most investors on the Bolsa are non-Spanish as more than three quarters of trading is due to nonresident buyers or sellers. The company is organized into six business units, including equities, fixed income, derivatives, clearing, settlement, and market data and value-added services. Like most exchanges, the company relies heavily on technology in carrying out its business model and also provides central counterparty services. The company's revenue is heaving contingent on trading volumes.

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