Unibail-Rodamco-Westfield (MEX:URW) ROCE % : 2.82% (As of Jun. 2024)

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What is Unibail-Rodamco-Westfield 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. Unibail-Rodamco-Westfield's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.82%.

Unibail-Rodamco-Westfield ROCE % Historical Data

The historical data trend for Unibail-Rodamco-Westfield'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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Unibail-Rodamco-Westfield ROCE % Chart

Unibail-Rodamco-Westfield Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.16

-13.93

-0.65

1.95

-1.44

Unibail-Rodamco-Westfield Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															4.00	-0.04	-0.38	-2.68	2.82

Unibail-Rodamco-Westfield ROCE % Calculation

Unibail-Rodamco-Westfield'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 )
	=	-14375.356	/	( ( (1128372.305 - 55454.142)	+	(991764.402 - 71027.14) )	/ 2 )
	=	-14375.356	/	( (1072918.163	+	920737.262)	/ 2 )
	=	-14375.356	/	996827.7125
	=	-1.44 %

Unibail-Rodamco-Westfield's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	26263.416	/	( ( (991764.402 - 71027.14)	+	(1050045.594 - 105623.578) )	/ 2 )
	=	26263.416	/	( ( 920737.262	+	944422.016 )	/ 2 )
	=	26263.416	/	932579.639
	=	2.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Unibail-Rodamco-Westfield (MEX:URW) 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.

Unibail-Rodamco-Westfield ROCE % Related Terms

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Unibail-Rodamco-Westfield Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

UNBLF:USA URWp:UK 0YO9:UK URW:France UBLB:Germany URW:Australia UL:Austria

Address

7, Place du Chancelier Adenauer - CS, Paris, FRA, 31622-772

Website

https://www.urw.com

Unibail-Rodamco-Westfield owns a portfolio of quality malls, about two thirds in continental Europe. Since acquiring Westfield in 2018 URW also has about 10% in the UK and about a quarter in the US, but it plans to drastically reduce exposure to the latter. More than 90% of rent comes from shopping centers, the remainder from offices, mostly Paris, as well as some offices attached to mixed-use assets around the world, and a similar amount from a conventions and exhibitions business in France.

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