General De Galerias Comerciales Socimi (XMAD:GGC) ROCE % : 21.14% (As of Dec. 2023)

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What is General De Galerias Comerciales Socimi 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. General De Galerias Comerciales Socimi's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.14%.

General De Galerias Comerciales Socimi ROCE % Historical Data

The historical data trend for General De Galerias Comerciales Socimi'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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General De Galerias Comerciales Socimi ROCE % Chart

General De Galerias Comerciales Socimi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.78

11.24

14.35

17.07

19.64

General De Galerias Comerciales Socimi Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													15.71	19.50	15.15	17.79	21.14

General De Galerias Comerciales Socimi ROCE % Calculation

General De Galerias Comerciales Socimi'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 )
	=	154.604	/	( ( (825.791 - 81.406)	+	(896.52 - 66.783) )	/ 2 )
	=	154.604	/	( (744.385	+	829.737)	/ 2 )
	=	154.604	/	787.061
	=	19.64 %

General De Galerias Comerciales Socimi's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	172.052	/	( ( (875.474 - 77.594)	+	(896.52 - 66.783) )	/ 2 )
	=	172.052	/	( ( 797.88	+	829.737 )	/ 2 )
	=	172.052	/	813.8085
	=	21.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

General De Galerias Comerciales Socimi (XMAD:GGC) 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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General De Galerias Comerciales Socimi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » General De Galerias Comerciales Socimi SA (XMAD:GGC) » Definitions » ROCE %

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Address

Ctra. Ojen S/N. P. C. La Canada, Marbella, ESP, 29603

Website

https://www.generaldegalerias.com

General De Galerías Comerciales Socimi SA is a Spanish investment real estate company. The company is specialized in developing, acquiring and managing quality tertiary real estate assets in the Spanish market. It manages six shopping centres, being five of them located in Andalucía and the other one in Cataluna.

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