Alpha Real Estate Services (ATH:ASTAK) ROCE % : 2.34% (As of Jun. 2024)

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What is Alpha Real Estate Services 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. Alpha Real Estate Services's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.34%.

Alpha Real Estate Services ROCE % Historical Data

The historical data trend for Alpha Real Estate Services'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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Alpha Real Estate Services ROCE % Chart

Alpha Real Estate Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.14

3.25

0.14

2.35

2.12

Alpha Real Estate Services Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															0.83	3.70	0.43	3.79	2.34

Alpha Real Estate Services ROCE % Calculation

Alpha Real Estate Services'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 )
	=	2.093	/	( ( (104.433 - 5.85)	+	(107.212 - 8.488) )	/ 2 )
	=	2.093	/	( (98.583	+	98.724)	/ 2 )
	=	2.093	/	98.6535
	=	2.12 %

Alpha Real Estate Services's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	1.984	/	( ( (107.212 - 8.488)	+	(76.025 - 5.271) )	/ 2 )
	=	1.984	/	( ( 98.724	+	70.754 )	/ 2 )
	=	1.984	/	84.739
	=	2.34 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Alpha Real Estate Services (ATH:ASTAK) 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.

Alpha Real Estate Services ROCE % Related Terms

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Alpha Real Estate Services Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alpha Real Estate Services SA (ATH:ASTAK) » Definitions » ROCE %

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Address

Stadiou 24, Athens, GRC, 10561

Website

https://www.alpharealestateservices.gr

Alpha Real Estate Services SA is engaged in the management and exploitation of properties owned by it or third parties, the provision of technical advice on related matters, the provision of real estate and brokerage services, the preparation of studies of all kinds, the provision of general advice on the above matters, the carrying out of assessments and valuations of assets and mechanical equipment and in general assessments on behalf of third parties on related matters.

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