Fidere Patrimonio Socimi (XMAD:YFID) ROCE % : 11.21% (As of Dec. 2022)

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What is Fidere Patrimonio 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. Fidere Patrimonio Socimi's annualized ROCE % for the quarter that ended in Dec. 2022 was 11.21%.

Fidere Patrimonio Socimi ROCE % Historical Data

The historical data trend for Fidere Patrimonio 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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Fidere Patrimonio Socimi ROCE % Chart

Fidere Patrimonio Socimi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-1.59

10.47

0.72

3.84

11.21

Fidere Patrimonio Socimi Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial			-1.59	10.47	0.72	3.84	11.21

Fidere Patrimonio Socimi ROCE % Calculation

Fidere Patrimonio Socimi's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	41.977	/	( ( (683.753 - 119.961)	+	(624.103 - 438.824) )	/ 2 )
	=	41.977	/	( (563.792	+	185.279)	/ 2 )
	=	41.977	/	374.5355
	=	11.21 %

Fidere Patrimonio Socimi's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	41.977	/	( ( (683.753 - 119.961)	+	(624.103 - 438.824) )	/ 2 )
	=	41.977	/	( ( 563.792	+	185.279 )	/ 2 )
	=	41.977	/	374.5355
	=	11.21 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Fidere Patrimonio Socimi (XMAD:YFID) 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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Fidere Patrimonio Socimi (XMAD:YFID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fidere Patrimonio Socimi SA (XMAD:YFID) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

257 Edificio Hall, Paseo de la Castellana, Madrid, ESP, 28046

Website

http://www.fidere-socimi.com

Fidere Patrimonio Socimi SA is a real estate investment company. It is focused on the acquisition, leasing and management of residential properties in Spain.

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