Merlin Properties SOCIMI (XMAD:MRL) ROCE %

: -7.90% (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. Merlin Properties SOCIMI's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.90%.

Merlin Properties SOCIMI ROCE % Historical Data

The historical data trend for Merlin Properties 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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Merlin Properties SOCIMI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.50

1.45

3.85

1.23

0.30

Merlin Properties SOCIMI Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.23	3.15	-2.64	8.73	-7.90

Merlin Properties SOCIMI ROCE % Calculation

Merlin Properties SOCIMI'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 )
	=	34.524	/	( ( (12051.483 - 950.512)	+	(12065.411 - 214.672) )	/ 2 )
	=	34.524	/	( (11100.971	+	11850.739)	/ 2 )
	=	34.524	/	11475.855
	=	0.30 %

Merlin Properties SOCIMI'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-936.304	/	( ( (12047.904 - 193.152)	+	(12065.411 - 214.672) )	/ 2 )
	=	-936.304	/	( ( 11854.752	+	11850.739 )	/ 2 )
	=	-936.304	/	11852.7455
	=	-7.90 %

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

Merlin Properties SOCIMI (XMAD:MRL) 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.

Merlin Properties SOCIMI ROCE % Related Terms

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Merlin Properties SOCIMI (XMAD:MRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Merlin Properties SOCIMI SA (XMAD:MRL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MRPRF:USA MRL:Portugal MRLe:UK 0QVM:UK MEQA:Germany

Address

Paseo de la Castellana 257, Madrid, ESP, 28046

Website

https://www.merlinproperties.com

Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of the real estate investment trust. The main activity of the company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the "Core" and "Core-Plus" investment segments, mainly in Spain and, to a lesser extent, in Portugal. Its segments are based on the type of assets namely Office buildings, Net lease, Shopping centers, Logistics assets, and others. The company generates the maximum revenue from the Office buildings segment.

Merlin Properties SOCIMI (XMAD:MRL) Headlines

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