Olimpo Real Estate SOCIMI (XMAD:YORE) ROCE % : 4.23% (As of Dec. 2023)

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What is Olimpo Real Estate 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. Olimpo Real Estate SOCIMI's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.23%.

Olimpo Real Estate SOCIMI ROCE % Historical Data

The historical data trend for Olimpo Real Estate 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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Olimpo Real Estate SOCIMI ROCE % Chart

Olimpo Real Estate SOCIMI Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.38

0.89

3.95

2.82

3.70

Olimpo Real Estate SOCIMI Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									4.29	3.37	2.30	3.21	4.23

Olimpo Real Estate SOCIMI ROCE % Calculation

Olimpo Real Estate 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 )
	=	12.033	/	( ( (335.166 - 5.24)	+	(325.55 - 4.285) )	/ 2 )
	=	12.033	/	( (329.926	+	321.265)	/ 2 )
	=	12.033	/	325.5955
	=	3.70 %

Olimpo Real Estate 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 )
	=	13.61	/	( ( (326.946 - 4.687)	+	(325.55 - 4.285) )	/ 2 )
	=	13.61	/	( ( 322.259	+	321.265 )	/ 2 )
	=	13.61	/	321.762
	=	4.23 %

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

Olimpo Real Estate SOCIMI (XMAD:YORE) 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.

Olimpo Real Estate SOCIMI ROCE % Related Terms

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Olimpo Real Estate SOCIMI (XMAD:YORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Olimpo Real Estate SOCIMI SA (XMAD:YORE) » Definitions » ROCE %

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Address

Calle Goya, 22 - 3 planta, Madrid, ESP, 28001

Website

https://www.ores-socimi.com

Olimpo Real Estate SOCIMI SA is engaged in the acquisition and management of commercial real estate assets in Spain and Portugal. Its main objective is to generate value for its clients through the long-term management of commercial real estate assets.

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