Obrascon Huarte Lain (LTS:0MKG) ROCE % : -3.03% (As of Sep. 2023)

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What is Obrascon Huarte Lain 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. Obrascon Huarte Lain's annualized ROCE % for the quarter that ended in Sep. 2023 was -3.03%.

Obrascon Huarte Lain ROCE % Historical Data

The historical data trend for Obrascon Huarte Lain'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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Obrascon Huarte Lain ROCE % Chart

Obrascon Huarte Lain Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-25.44

-4.19

-5.34

1.92

3.65

Obrascon Huarte Lain Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															13.84	5.62	2.13	13.09	-3.03

Obrascon Huarte Lain ROCE % Calculation

Obrascon Huarte Lain'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 )
	=	45.719	/	( ( (3062.375 - 1766.183)	+	(3194.314 - 1988.734) )	/ 2 )
	=	45.719	/	( (1296.192	+	1205.58)	/ 2 )
	=	45.719	/	1250.886
	=	3.65 %

Obrascon Huarte Lain's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-37.92	/	( ( (3226.42 - 1990.844)	+	(3365.4 - 2094.2) )	/ 2 )
	=	-37.92	/	( ( 1235.576	+	1271.2 )	/ 2 )
	=	-37.92	/	1253.388
	=	-3.03 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Obrascon Huarte Lain (LTS:0MKG) 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.

Obrascon Huarte Lain ROCE % Related Terms

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Obrascon Huarte Lain (LTS:0MKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Obrascon Huarte Lain SA (LTS:0MKG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OHLAe:UK OHLA:Spain HUA:Germany

Address

Paseo de la Castellana 259 D, Torrespacio, Madrid, ESP, D-28046

Website

https://www.ohla-group.com

Obrascon Huarte Lain SA is engaged in providing all manner of civil engineering and building construction works for public and private customers. Its object also includes the provision of public and private services, the operation of service concession arrangements and hotel complexes, real estate development and the sale of properties.

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