Compania Espanola de Viviendas en Alquiler (XMAD:CEV) ROCE % : 6.17% (As of Jun. 2024)

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What is Compania Espanola de Viviendas en Alquiler 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. Compania Espanola de Viviendas en Alquiler's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.17%.

Compania Espanola de Viviendas en Alquiler ROCE % Historical Data

The historical data trend for Compania Espanola de Viviendas en Alquiler'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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Compania Espanola de Viviendas en Alquiler ROCE % Chart

Compania Espanola de Viviendas en Alquiler Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.20

2.60

6.35

7.44

2.90

Compania Espanola de Viviendas en Alquiler 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															12.46	2.45	2.84	2.97	6.17

Compania Espanola de Viviendas en Alquiler ROCE % Calculation

Compania Espanola de Viviendas en Alquiler'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 )
	=	15.707	/	( ( (556.08 - 17.315)	+	(557.601 - 13.349) )	/ 2 )
	=	15.707	/	( (538.765	+	544.252)	/ 2 )
	=	15.707	/	541.5085
	=	2.90 %

Compania Espanola de Viviendas en Alquiler'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 )
	=	34.262	/	( ( (557.601 - 13.349)	+	(590.849 - 23.807) )	/ 2 )
	=	34.262	/	( ( 544.252	+	567.042 )	/ 2 )
	=	34.262	/	555.647
	=	6.17 %

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

Compania Espanola de Viviendas en Alquiler (XMAD:CEV) 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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Compania Espanola de Viviendas en Alquiler Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Compania Espanola de Viviendas en Alquiler SA (XMAD:CEV) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Avda. Meridiana, 350, 6th floor, Barcelona, ESP, 08027

Website

http://www.cevasa.com

Compania Espanola de Viviendas en Alquiler SA operates in the real estate sector, and its main objective is to develop equity investments in social housing. The company is engaged in the development and management of residential and non-residential properties. Its property portfolio consists of housing units, commercial and industrial properties.