Aena SME (FRA:A44) ROCE % : 44.54% (As of Dec. 2024)

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What is Aena SME 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. Aena SME's annualized ROCE % for the quarter that ended in Dec. 2024 was 44.54%.

Aena SME ROCE % Historical Data

The historical data trend for Aena SME'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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Aena SME ROCE % Chart

Aena SME Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-0.96

-4.78

9.11

16.25

18.91

Aena SME Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															39.90	10.89	22.66	26.29	44.54

Aena SME ROCE % Calculation

Aena SME's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	2801.428	/	( ( (17556.226 - 2661.301)	+	(16975.364 - 2234.385) )	/ 2 )
	=	2801.428	/	( (14894.925	+	14740.979)	/ 2 )
	=	2801.428	/	14817.952
	=	18.91 %

Aena SME's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	6429.356	/	( ( (17395.225 - 3266.158)	+	(16975.364 - 2234.385) )	/ 2 )
	=	6429.356	/	( ( 14129.067	+	14740.979 )	/ 2 )
	=	6429.356	/	14435.023
	=	44.54 %

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

Aena SME (FRA:A44) 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.

Aena SME ROCE % Related Terms

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Aena SME Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aena SME SA (FRA:A44) » Definitions » ROCE %

Comparable Companies

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ANYYY:USA ANNSF:USA 1AENA:Italy AENAe:UK 0R4Y:UK AENA:Spain A44:Germany AENA:Austria

Address

Calle Peonias, 12, Madrid, ESP, 28042

Website

https://www.aena.es

Aena SME SA is a Spanish airport operator with various airports in Spain, including Madrid and Barcelona, and has stakes in multiple international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. The Group carries out its business activities in the following segments: Airports; Real estate services; Region de Murcia International Airport (AIRM) and International.

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