Altarea SCA (XPAR:ALTA) ROCE % : 0.94% (As of Jun. 2023)

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What is Altarea SCA 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. Altarea SCA's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.94%.

Altarea SCA ROCE % Historical Data

The historical data trend for Altarea SCA'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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Altarea SCA ROCE % Chart

Altarea SCA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.38

-7.21

5.63

8.28

-3.52

Altarea SCA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															6.27	9.61	7.16	0.94	-8.26

Altarea SCA ROCE % Calculation

Altarea SCA'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 )
	=	544.7	/	( ( (9359.4 - 2779.2)	+	(9087.7 - 2516.1) )	/ 2 )
	=	544.7	/	( (6580.2	+	6571.6)	/ 2 )
	=	544.7	/	6575.9
	=	8.28 %

Altarea SCA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	60.2	/	( ( (9087.7 - 2516.1)	+	(8843.7 - 2611.7) )	/ 2 )
	=	60.2	/	( ( 6571.6	+	6232 )	/ 2 )
	=	60.2	/	6401.8
	=	0.94 %

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

Altarea SCA (XPAR:ALTA) 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.

Altarea SCA ROCE % Related Terms

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Altarea SCA (XPAR:ALTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Altarea SCA (XPAR:ALTA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ALTAp:UK XAL:Germany

Address

8 avenue Delcasse, Paris, FRA, 75008

Website

https://www.altarea.com

Altarea SCA is a real estate investment trust primarily engaged in the acquisition, development, and management of properties throughout Western and Southern Europe. The company's real estate portfolio is composed of residential, retail, office, and mixed-use spaces. Altarea derives the majority of its revenue from rental income related to the leasing of its real estate assets. The company's entry-level and midrange residential apartment properties generate most of this income. In terms of geography, the vast majority of Altarea's revenue comes from its holdings in France's major urban areas, such as the Greater Paris region.