Aedas Homes (XMAD:AEDAS) ROCE % : 27.64% (As of Mar. 2024)

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What is Aedas Homes 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. Aedas Homes's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.64%.

Aedas Homes ROCE % Historical Data

The historical data trend for Aedas Homes'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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Aedas Homes ROCE % Chart

Aedas Homes Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.58

12.70

12.60

13.10

14.82

Aedas Homes Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial										16.67	3.01	23.72	2.56	27.64

Aedas Homes ROCE % Calculation

Aedas Homes's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	188.565	/	( ( (1968.959 - 677.295)	+	(2012.196 - 759.141) )	/ 2 )
	=	188.565	/	( (1291.664	+	1253.055)	/ 2 )
	=	188.565	/	1272.3595
	=	14.82 %

Aedas Homes'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	344.676	/	( ( (2114.576 - 873.526)	+	(2012.196 - 759.141) )	/ 2 )
	=	344.676	/	( ( 1241.05	+	1253.055 )	/ 2 )
	=	344.676	/	1247.0525
	=	27.64 %

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

Aedas Homes (XMAD:AEDAS) 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.

Aedas Homes ROCE % Related Terms

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Aedas Homes (XMAD:AEDAS) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aedas Homes SA (XMAD:AEDAS) » Definitions » ROCE %

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Address

Paseo de la Castellana, 42, planta 8, Madrid, ESP, 28046

Website

https://www.aedashomes.com

Aedas Homes SA is a Spain based company engages in the acquisition and development of properties. It is a real estate developer that offers different types of homes in Spain, including apartments, houses, villas, duplexes and others. The company focuses on Alicante, Barcelona, Madrid, Malaga, Mallorca, Seville, and other regions of Spain.

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