Coreo AG (FRA:CORE) ROCE % : -0.94% (As of Jun. 2023)

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What is Coreo AG 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. Coreo AG's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.94%.

Coreo AG ROCE % Historical Data

The historical data trend for Coreo AG'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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Coreo AG ROCE % Chart

Coreo AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.45

4.31

-0.83

4.13

1.45

Coreo AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															1.61	6.32	-1.55	4.32	-0.94

Coreo AG ROCE % Calculation

Coreo AG's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.247	/	( ( (97.35 - 16.269)	+	(105.332 - 14.726) )	/ 2 )
	=	1.247	/	( (81.081	+	90.606)	/ 2 )
	=	1.247	/	85.8435
	=	1.45 %

Coreo AG's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.828	/	( ( (105.332 - 14.726)	+	(103.58 - 18.857) )	/ 2 )
	=	-0.828	/	( ( 90.606	+	84.723 )	/ 2 )
	=	-0.828	/	87.6645
	=	-0.94 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Coreo AG (FRA:CORE) 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.

Coreo AG ROCE % Related Terms

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Coreo AG (FRA:CORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Coreo AG (FRA:CORE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CORE:Germany CORE:Germany CORE:Germany

Address

Gruneburgweg 18, Frankfurt am Main, DEU, D-60322

Website

http://www.coreo.de

Coreo AG is a real estate investment company. The company focuses on commercial and residential properties, especially in the office and retail sectors. It generates maximum revenue in the form of rental income.