Trade Estates Real Estate Investment Co (ATH:TRESTATES) ROCE % : 8.55% (As of Jun. 2024)

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What is Trade Estates Real Estate Investment Co 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. Trade Estates Real Estate Investment Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.55%.

Trade Estates Real Estate Investment Co ROCE % Historical Data

The historical data trend for Trade Estates Real Estate Investment Co'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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Trade Estates Real Estate Investment Co ROCE % Chart

Trade Estates Real Estate Investment Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

10.39

11.56

Trade Estates Real Estate Investment Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			14.15	8.03	8.50	12.26	8.55

Trade Estates Real Estate Investment Co ROCE % Calculation

Trade Estates Real Estate Investment Co'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 )
	=	48.026	/	( ( (344.315 - 5.813)	+	(543.831 - 51.58) )	/ 2 )
	=	48.026	/	( (338.502	+	492.251)	/ 2 )
	=	48.026	/	415.3765
	=	11.56 %

Trade Estates Real Estate Investment Co'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 )
	=	42.52	/	( ( (543.831 - 51.58)	+	(557.163 - 54.788) )	/ 2 )
	=	42.52	/	( ( 492.251	+	502.375 )	/ 2 )
	=	42.52	/	497.313
	=	8.55 %

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

Trade Estates Real Estate Investment Co (ATH:TRESTATES) 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.

Trade Estates Real Estate Investment Co ROCE % Related Terms

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Trade Estates Real Estate Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Trade Estates Real Estate Investment Co (ATH:TRESTATES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ch. Sabag - S, Khouri, Marousi, Athens, GRC, 15125

Website

https://www.trade-estates.com

Trade Estates Real Estate Investment Co is engaged in acquisition and management of real estate property, the right to purchase property by preliminary agreement and in general the carrying out investments. It operates in real estate investments both in Greece and abroad, such as in Cyprus and Bulgaria.

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