Testa Residencial Socimi (XMAD:YTST) ROCE % : 0.00% (As of Dec. 2022)

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What is Testa Residencial 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. Testa Residencial Socimi's annualized ROCE % for the quarter that ended in Dec. 2022 was 0.00%.

Testa Residencial Socimi ROCE % Historical Data

The historical data trend for Testa Residencial 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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Testa Residencial Socimi ROCE % Chart

Testa Residencial Socimi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

5.72

-0.51

3.47

5.53

0.43

Testa Residencial Socimi Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	-	-	3.47	-	-

Testa Residencial Socimi ROCE % Calculation

Testa Residencial 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 )
	=	9.541	/	( ( (2380.776 - 81.945)	+	(2317.314 - 175.691) )	/ 2 )
	=	9.541	/	( (2298.831	+	2141.623)	/ 2 )
	=	9.541	/	2220.227
	=	0.43 %

Testa Residencial 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 )
	=	0	/	( ( (3014.31 - 17.485)	+	(2380.776 - 81.945) )	/ 2 )
	=	0	/	( ( 2996.825	+	2298.831 )	/ 2 )
	=	0	/	2647.828
	=	0.00 %

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

Testa Residencial Socimi (XMAD:YTST) 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.

Testa Residencial Socimi ROCE % Related Terms

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Testa Residencial Socimi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Testa Residencial Socimi SA (XMAD:YTST) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Paseo de la Castellana 257, Planta 2, Madrid, ESP, 28046

Website

https://www.testaresidencial.com

Testa Residencial Socimi SA is a real estate investment trust. The company is a property company in the rental housing sector. Its portfolio includes residential and retail properties.

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