GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Societe Centrale des Bois et Scieries de la Manche (XPAR:CBSM) » Definitions » ROIC %

Societe Centrale des Bois et Scieries de la Manche (XPAR:CBSM) ROIC % : 3.46% (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Societe Centrale des Bois et Scieries de la Manche ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Societe Centrale des Bois et Scieries de la Manche's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was 3.46%.

As of today (2024-12-12), Societe Centrale des Bois et Scieries de la Manche's WACC % is 4.27%. Societe Centrale des Bois et Scieries de la Manche's ROIC % is 3.42% (calculated using TTM income statement data). Societe Centrale des Bois et Scieries de la Manche earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Societe Centrale des Bois et Scieries de la Manche ROIC % Historical Data

The historical data trend for Societe Centrale des Bois et Scieries de la Manche's ROIC % 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.

* Premium members only.

Societe Centrale des Bois et Scieries de la Manche ROIC % Chart

Societe Centrale des Bois et Scieries de la Manche Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.22 3.09 3.19 3.30 3.26

Societe Centrale des Bois et Scieries de la Manche Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.69 3.26 3.09 3.39 3.46

Competitive Comparison of Societe Centrale des Bois et Scieries de la Manche's ROIC %

For the REIT - Diversified subindustry, Societe Centrale des Bois et Scieries de la Manche's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Societe Centrale des Bois et Scieries de la Manche's ROIC % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Societe Centrale des Bois et Scieries de la Manche's ROIC % distribution charts can be found below:

* The bar in red indicates where Societe Centrale des Bois et Scieries de la Manche's ROIC % falls into.



Societe Centrale des Bois et Scieries de la Manche ROIC % Calculation

Societe Centrale des Bois et Scieries de la Manche's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Jun. 2023 is calculated as:

ROIC % (A: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jun. 2022 ) + Invested Capital (A: Jun. 2023 ))/ count )
=14.98 * ( 1 - 0% )/( (467.225 + 451.562)/ 2 )
=14.98/459.3935
=3.26 %

where

Societe Centrale des Bois et Scieries de la Manche's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2023 is calculated as:

ROIC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=15.504 * ( 1 - 0% )/( (451.562 + 444.52)/ 2 )
=15.504/448.041
=3.46 %

where

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

* 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.


Societe Centrale des Bois et Scieries de la Manche  (XPAR:CBSM) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Societe Centrale des Bois et Scieries de la Manche's WACC % is 4.27%. Societe Centrale des Bois et Scieries de la Manche's ROIC % is 3.42% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Societe Centrale des Bois et Scieries de la Manche ROIC % Related Terms

Thank you for viewing the detailed overview of Societe Centrale des Bois et Scieries de la Manche's ROIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


Societe Centrale des Bois et Scieries de la Manche Business Description

Traded in Other Exchanges
N/A
Address
12 rue Godot de Mauroy, Paris, FRA, 75009
Société Centrale des Bois et Scieries de la Manche is a Real estate investment trust. It is engaged in the ownership, management, and lease of real estate properties in France. The company acquires and rents commercial and residential properties.

Societe Centrale des Bois et Scieries de la Manche Headlines

No Headlines