Nuevo Continente (BUE:NCON) ROCE % : 109.16% (As of Jan. 2024)

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What is Nuevo Continente 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. Nuevo Continente's annualized ROCE % for the quarter that ended in Jan. 2024 was 109.16%.

Nuevo Continente ROCE % Historical Data

The historical data trend for Nuevo Continente'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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Nuevo Continente ROCE % Chart

Nuevo Continente Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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4.91

1.82

-1.63

-2.55

0.97

Nuevo Continente Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															22.93	-5.92	5.72	-82.14	109.16

Nuevo Continente ROCE % Calculation

Nuevo Continente's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	15.701	/	( ( (1655.509 - 18.314)	+	(1629.417 - 23.042) )	/ 2 )
	=	15.701	/	( (1637.195	+	1606.375)	/ 2 )
	=	15.701	/	1621.785
	=	0.97 %

Nuevo Continente's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	2896.528	/	( ( (1858.537 - 26.175)	+	(3847.385 - 372.694) )	/ 2 )
	=	2896.528	/	( ( 1832.362	+	3474.691 )	/ 2 )
	=	2896.528	/	2653.5265
	=	109.16 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Nuevo Continente (BUE:NCON) 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.

Nuevo Continente ROCE % Related Terms

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Nuevo Continente (BUE:NCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nuevo Continente SA (BUE:NCON) » Definitions » ROCE %

Comparable Companies

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Address

Avenida Paseo Colon 439, Piso 5, Buenos Aires, ARG, C1063ACE

Website

Nuevo Continente SA invests in the real estate segment. The company rents and invests in commercial properties and premises located in the Federal Capital and other provinces.

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