Lar Espana Real Estate Socimi (Lar Espana Real Estate Socimi) ROCE % : 5.33% (As of Jun. 2023)

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What is Lar Espana Real Estate Socimi 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. Lar Espana Real Estate Socimi's annualized ROCE % for the quarter that ended in Jun. 2023 was 5.33%.

Lar Espana Real Estate Socimi ROCE % Historical Data

The historical data trend for Lar Espana Real Estate Socimi'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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Lar Espana Real Estate Socimi ROCE % Chart

Lar Espana Real Estate Socimi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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9.54

5.92

-2.19

2.98

5.12

Lar Espana Real Estate Socimi Semi-Annual Data
	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														2.20	4.44	7.32	3.02	5.33

Lar Espana Real Estate Socimi ROCE % Calculation

Lar Espana Real Estate Socimi'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 )
	=	93.929	/	( ( (2031.279 - 160.941)	+	(1820.21 - 23.407) )	/ 2 )
	=	93.929	/	( (1870.338	+	1796.803)	/ 2 )
	=	93.929	/	1833.5705
	=	5.12 %

Lar Espana Real Estate Socimi'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 )
	=	92.994	/	( ( (1820.21 - 23.407)	+	(1724.909 - 29.767) )	/ 2 )
	=	92.994	/	( ( 1796.803	+	1695.142 )	/ 2 )
	=	92.994	/	1745.9725
	=	5.33 %

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

Lar Espana Real Estate Socimi (OTCPK:LAREF) 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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Lar Espana Real Estate Socimi (Lar Espana Real Estate Socimi) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lar Espana Real Estate Socimi SA (OTCPK:LAREF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LREe:UK 0QRL:UK LRE:Spain

Address

Calle Maria de Molina 39, 10th Floor, Madrid, ESP, 28006

Website

https://www.larespana.com

Lar Espana Real Estate Socimi SA invests in and manages real estate assets, focusing on retail properties throughout Spain, office properties in Madrid & Barcelona, and the possibility of investing opportunistically on residential assets. Its main activity is the acquisition and management of shopping centres, may invest to a lesser extent in other assets for rent or for direct sale (commercial premises, industrial premises, logistics centres, offices and residential products).

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