Adriano Care Socimi (XMAD:YADR) ROCE % : 0.94% (As of Dec. 2023)

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What is Adriano Care 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. Adriano Care Socimi's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.94%.

Adriano Care Socimi ROCE % Historical Data

The historical data trend for Adriano Care 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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Adriano Care Socimi ROCE % Chart

Adriano Care Socimi Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.32

-1.11

6.30

3.70

1.14

Adriano Care Socimi Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				9.52	8.33	-0.07	1.32	0.94

Adriano Care Socimi ROCE % Calculation

Adriano Care 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 )
	=	2.852	/	( ( (254.637 - 7.572)	+	(266.78 - 11.932) )	/ 2 )
	=	2.852	/	( (247.065	+	254.848)	/ 2 )
	=	2.852	/	250.9565
	=	1.14 %

Adriano Care 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 )
	=	2.4	/	( ( (265.274 - 12.061)	+	(266.78 - 11.932) )	/ 2 )
	=	2.4	/	( ( 253.213	+	254.848 )	/ 2 )
	=	2.4	/	254.0305
	=	0.94 %

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

Adriano Care Socimi (XMAD:YADR) 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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Adriano Care Socimi (XMAD:YADR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Adriano Care Socimi SA (XMAD:YADR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

C/ Villanueva 2 bis - planta jardin, Madrid, ESP, 28001

Website

http://www.adrianocare.es

Adriano Care Socimi SA is engaged in creating a real estate portfolio of assets related to the elderly, with the purpose of maximizing shareholder's returns through active asset management of the acquired. Its portfolio includes geriatric residences, homes adapted for the elderly, and other care centers for this group.

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