Unibail-Rodamco-Westfield (XAMS:URW) ROCE %

: -2.69% (As of Dec. 2023)

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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. Unibail-Rodamco-Westfield's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.69%.

Unibail-Rodamco-Westfield ROCE % Historical Data

The historical data trend for Unibail-Rodamco-Westfield'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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Unibail-Rodamco-Westfield Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

1.20

-12.93

-0.67

2.07

-1.53

Unibail-Rodamco-Westfield Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %																-0.52	4.17	-0.05	-0.40	-2.69

Unibail-Rodamco-Westfield ROCE % Calculation

Unibail-Rodamco-Westfield'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 )
	=	-776.6	/	( ( (54636 - 2685.1)	+	(53578.1 - 3837.1) )	/ 2 )
	=	-776.6	/	( (51950.9	+	49741)	/ 2 )
	=	-776.6	/	50845.95
	=	-1.53 %

Unibail-Rodamco-Westfield'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 )
	=	-1348.8	/	( ( (53951.3 - 3299.9)	+	(53578.1 - 3837.1) )	/ 2 )
	=	-1348.8	/	( ( 50651.4	+	49741 )	/ 2 )
	=	-1348.8	/	50196.2
	=	-2.69 %

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

Unibail-Rodamco-Westfield (XAMS:URW) 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.

Unibail-Rodamco-Westfield ROCE % Related Terms

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Unibail-Rodamco-Westfield (XAMS:URW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Unibail-Rodamco-Westfield (XAMS:URW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UNBLF:USA URWp:UK 0YO9:UK URW:France UBLB:Germany URW:Australia UL:Austria

Address

7, Place du Chancelier Adenauer - CS, Paris, FRA, 31622-772

Website

https://www.urw.com

Unibail-Rodamco-Westfield owns a portfolio of quality malls, about two thirds in continental Europe. Since acquiring Westfield in 2018 URW also has about 10% in the U.K. and about 25% in the U.S., but it plans to drastically reduce exposure to the latter. More than 90% of rent comes from shopping centers, the remainder from offices, mostly Paris, as well as some offices attached to mixed-use assets around the world, and a similar amount from a conventions and exhibitions business in France.

Unibail-Rodamco-Westfield (XAMS:URW) Headlines

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