Vastned Belgium (LTS:0ET5) ROCE % : 3.00% (As of Sep. 2024)

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What is Vastned Belgium 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. Vastned Belgium's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.00%.

Vastned Belgium ROCE % Historical Data

The historical data trend for Vastned Belgium'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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Vastned Belgium ROCE % Chart

Vastned Belgium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.70

-1.99

1.77

5.31

4.79

Vastned Belgium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.97	5.81	6.42	6.67	3.00

Vastned Belgium ROCE % Calculation

Vastned Belgium'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 )
	=	14.582	/	( ( (318.242 - 19.784)	+	(315.901 - 5.158) )	/ 2 )
	=	14.582	/	( (298.458	+	310.743)	/ 2 )
	=	14.582	/	304.6005
	=	4.79 %

Vastned Belgium's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	9.332	/	( ( (318.705 - 6.565)	+	(318.365 - 7.494) )	/ 2 )
	=	9.332	/	( ( 312.14	+	310.871 )	/ 2 )
	=	9.332	/	311.5055
	=	3.00 %

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

Vastned Belgium (LTS:0ET5) 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.

Vastned Belgium ROCE % Related Terms

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Vastned Belgium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vastned Belgium (LTS:0ET5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IJX:Germany VASTB:Belgium

Address

Generaal Lemanstraat 74, Berchem, BEL, 2600

Website

https://www.vastned.be

Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.

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