Home Invest Belgium NV (XBRU:HOMI) ROCE % : -1.01% (As of Sep. 2024)

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What is Home Invest Belgium NV 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. Home Invest Belgium NV's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.01%.

Home Invest Belgium NV ROCE % Historical Data

The historical data trend for Home Invest Belgium NV'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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Home Invest Belgium NV ROCE % Chart

Home Invest Belgium NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.33

3.74

8.06

8.54

-0.45

Home Invest Belgium NV 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															1.62	1.88	33.88	1.86	-1.01

Home Invest Belgium NV ROCE % Calculation

Home Invest Belgium NV'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 )
	=	-3.441	/	( ( (812.362 - 43.145)	+	(807.808 - 61.215) )	/ 2 )
	=	-3.441	/	( (769.217	+	746.593)	/ 2 )
	=	-3.441	/	757.905
	=	-0.45 %

Home Invest Belgium NV'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 )
	=	-8.708	/	( ( (876.65 - 20.344)	+	(872.534 - 0) )	/ 2 )
	=	-8.708	/	( ( 856.306	+	872.534 )	/ 2 )
	=	-8.708	/	864.42
	=	-1.01 %

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

Home Invest Belgium NV (XBRU:HOMI) 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.

Home Invest Belgium NV ROCE % Related Terms

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Home Invest Belgium NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Home Invest Belgium NV (XBRU:HOMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0NGP:UK H5V0:Germany

Address

Boulevard de la Woluwe 46, Box 11, Brussels, BEL, 1200

Website

https://www.homeinvestbelgium.be

Home Invest Belgium NV is a Belgium-based real estate company. It specializes in residential property for the letting market and offers premises and professional management to its tenants. The company is distinguished into four geographical segments: The Brussels Region, the Flemish Region, the Walloon Region, and the Netherlands. It generates the majority of its income from the Brussels Region.

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