Aurora Eiendom AS (OSL:AURA) ROCE % : 8.68% (As of Mar. 2024)

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What is Aurora Eiendom AS 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. Aurora Eiendom AS's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.68%.

Aurora Eiendom AS ROCE % Historical Data

The historical data trend for Aurora Eiendom AS'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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Aurora Eiendom AS ROCE % Chart

Aurora Eiendom AS Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

16.16

8.91

1.22

Aurora Eiendom AS Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						5.84	1.39	1.29	-6.82	8.68

Aurora Eiendom AS ROCE % Calculation

Aurora Eiendom AS'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 )
	=	88.868	/	( ( (9472.519 - 517.271)	+	(8953.27 - 3359.959) )	/ 2 )
	=	88.868	/	( (8955.248	+	5593.311)	/ 2 )
	=	88.868	/	7274.2795
	=	1.22 %

Aurora Eiendom AS's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	607.904	/	( ( (8953.27 - 3359.959)	+	(8988.044 - 581.916) )	/ 2 )
	=	607.904	/	( ( 5593.311	+	8406.128 )	/ 2 )
	=	607.904	/	6999.7195
	=	8.68 %

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

Aurora Eiendom AS (OSL:AURA) 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.

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Aurora Eiendom AS (OSL:AURA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aurora Eiendom AS (OSL:AURA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oravegen 4, Surnadal, NOR, 6650

Website

https://www.aurora.no

Aurora Eiendom AS is a Norwegian real estate company that owns, operates, and develops shopping destinations, and creates value for customers, tenants, and investors. The company intends to own shopping centers that have the potential to become leading in their local markets.