Patrimoine et Commerce (LTS:0P30) ROCE % : 5.59% (As of Dec. 2023)

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What is Patrimoine et Commerce 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. Patrimoine et Commerce's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.59%.

Patrimoine et Commerce ROCE % Historical Data

The historical data trend for Patrimoine et Commerce'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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Patrimoine et Commerce ROCE % Chart

Patrimoine et Commerce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.71

3.65

5.18

6.87

4.88

Patrimoine et Commerce Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															5.37	8.15	5.61	4.36	5.59

Patrimoine et Commerce ROCE % Calculation

Patrimoine et Commerce'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 )
	=	40.182	/	( ( (920.64 - 77.733)	+	(906.548 - 103.085) )	/ 2 )
	=	40.182	/	( (842.907	+	803.463)	/ 2 )
	=	40.182	/	823.185
	=	4.88 %

Patrimoine et Commerce's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	44.668	/	( ( (931.323 - 136.697)	+	(906.548 - 103.085) )	/ 2 )
	=	44.668	/	( ( 794.626	+	803.463 )	/ 2 )
	=	44.668	/	799.0445
	=	5.59 %

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

Patrimoine et Commerce (LTS:0P30) 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.

Patrimoine et Commerce ROCE % Related Terms

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Patrimoine et Commerce (LTS:0P30) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Patrimoine et Commerce (LTS:0P30) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PAT:France

Address

7/9 rue Nationale, Boulogne-Billacourt, FRA, 92100

Website

http://www.patrimoine-commerce.com

Patrimoine et Commerce is a real estate company engaged in the acquisition, development, and operation of commercial real estate properties in France. It operates a portfolio of real estate assets located in high-attraction areas in the suburbs or centers of medium-sized cities. The company's property portfolio includes shopping malls, supermarkets, shops, and business parks.

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