Neinor Homes (XMAD:HOME) ROCE % : 0.00% (As of Dec. 2023)

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What is Neinor Homes 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. Neinor Homes's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Neinor Homes ROCE % Historical Data

The historical data trend for Neinor Homes'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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Neinor Homes ROCE % Chart

Neinor Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.19

10.91

12.90

10.98

10.22

Neinor Homes Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															3.76	6.13	20.14	-	-

Neinor Homes ROCE % Calculation

Neinor Homes'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 )
	=	125.23	/	( ( (1780.981 - 489.351)	+	(1645.573 - 487.663) )	/ 2 )
	=	125.23	/	( (1291.63	+	1157.91)	/ 2 )
	=	125.23	/	1224.77
	=	10.22 %

Neinor Homes'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 )
	=	0	/	( ( (1722.022 - 599.328)	+	(1645.573 - 487.663) )	/ 2 )
	=	0	/	( ( 1122.694	+	1157.91 )	/ 2 )
	=	0	/	1140.302
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Neinor Homes (XMAD:HOME) 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.

Neinor Homes ROCE % Related Terms

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Neinor Homes (XMAD:HOME) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Neinor Homes SA (XMAD:HOME) » Definitions » ROCE %

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0RNU:UK 1NN:Germany

Address

Calle Ercilla 24, Bilbao, ESP, 48011

Website

https://www.neinorhomes.com

Neinor Homes SA is a residential property development company in Spain. The company is engaged in developing and selling property developments. Its operating segment includes Rentals, Asset management, Legacy, and Development. The company generates maximum revenue from the Development segment.