Mercal Inmuebles Socimi (XMAD:YMEI) ROCE % : 5.94% (As of Jun. 2024)

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What is Mercal Inmuebles 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. Mercal Inmuebles Socimi's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.94%.

Mercal Inmuebles Socimi ROCE % Historical Data

The historical data trend for Mercal Inmuebles 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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Mercal Inmuebles Socimi ROCE % Chart

Mercal Inmuebles Socimi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.46

4.65

5.41

5.85

6.00

Mercal Inmuebles Socimi 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															5.61	6.39	5.34	6.71	5.94

Mercal Inmuebles Socimi ROCE % Calculation

Mercal Inmuebles 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 )
	=	2.192	/	( ( (38.844 - 1.87)	+	(38.24 - 2.17) )	/ 2 )
	=	2.192	/	( (36.974	+	36.07)	/ 2 )
	=	2.192	/	36.522
	=	6.00 %

Mercal Inmuebles Socimi'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 )
	=	2.12	/	( ( (38.24 - 2.17)	+	(37.493 - 2.133) )	/ 2 )
	=	2.12	/	( ( 36.07	+	35.36 )	/ 2 )
	=	2.12	/	35.715
	=	5.94 %

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

Mercal Inmuebles Socimi (XMAD:YMEI) 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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Mercal Inmuebles Socimi Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mercal Inmuebles Socimi SA (XMAD:YMEI) » Definitions » ROCE %

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Address

Calle Orense 81, 7th Floor, Madrid, ESP, 28020

Website

http://www.mercalinmuebles.es

Mercal Inmuebles Socimi SA is a real estate investment trust engaged in the development, management and leasing of assets. Its main purpose is the acquisition and promotion of real estate of an urban nature for its lease. The company's property portfolio consists of commercial premises, office, hospital, garages and some plots of land. Its properties are rented to companies with medium and long-term leases.

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