Novavest Real Estate AG (XSWX:NREN) ROCE % : -0.20% (As of Dec. 2023)

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What is Novavest Real Estate AG 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. Novavest Real Estate AG's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.20%.

Novavest Real Estate AG ROCE % Historical Data

The historical data trend for Novavest Real Estate AG'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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Novavest Real Estate AG ROCE % Chart

Novavest Real Estate AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.39

4.30

6.20

4.48

-0.08

Novavest Real Estate AG Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													7.59	4.51	4.56	0.05	-0.20

Novavest Real Estate AG ROCE % Calculation

Novavest Real Estate AG'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 )
	=	-0.522	/	( ( (823.24 - 145.462)	+	(793.705 - 97.616) )	/ 2 )
	=	-0.522	/	( (677.778	+	696.089)	/ 2 )
	=	-0.522	/	686.9335
	=	-0.08 %

Novavest Real Estate AG'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 )
	=	-1.372	/	( ( (802.781 - 131.896)	+	(793.705 - 97.616) )	/ 2 )
	=	-1.372	/	( ( 670.885	+	696.089 )	/ 2 )
	=	-1.372	/	683.487
	=	-0.20 %

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

Novavest Real Estate AG (XSWX:NREN) 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.

Novavest Real Estate AG ROCE % Related Terms

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Novavest Real Estate AG (XSWX:NREN) Business Description

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NRENz:UK

Address

Feldeggstrasse 26, Zurich, CHE, 8008

Website

https://www.novavest.ch

Novavest Real Estate AG is a Swiss real estate company. It is engaged in construction, acquisition, sale, holding, conversion and management of all types of real estate in theSwitzerland. The company manages and develops properties for residential use, office and commercial use as well as on new construction projects.

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