Tecnicas Reunidas (XMAD:TRE) ROCE % : 15.66% (As of Dec. 2023)

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What is Tecnicas Reunidas 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. Tecnicas Reunidas's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.66%.

Tecnicas Reunidas ROCE % Historical Data

The historical data trend for Tecnicas Reunidas'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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Tecnicas Reunidas ROCE % Chart

Tecnicas Reunidas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.40

4.64

-21.50

0.75

13.58

Tecnicas Reunidas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.75	14.29	18.71	5.90	15.66

Tecnicas Reunidas ROCE % Calculation

Tecnicas Reunidas'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 )
	=	142.495	/	( ( (4816.36 - 3776.431)	+	(4500.915 - 3442.711) )	/ 2 )
	=	142.495	/	( (1039.929	+	1058.204)	/ 2 )
	=	142.495	/	1049.0665
	=	13.58 %

Tecnicas Reunidas'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	169.98	/	( ( (4679.3 - 3566.3)	+	(4500.915 - 3442.711) )	/ 2 )
	=	169.98	/	( ( 1113	+	1058.204 )	/ 2 )
	=	169.98	/	1085.602
	=	15.66 %

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

Tecnicas Reunidas (XMAD:TRE) 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.

Tecnicas Reunidas ROCE % Related Terms

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Tecnicas Reunidas (XMAD:TRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tecnicas Reunidas SA (XMAD:TRE) » Definitions » ROCE %

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Traded in Other Exchanges

0MKT:UK T5R:Germany TRE:Austria

Address

Arapiles Street, 14, Madrid, ESP, 28015

Website

http://www.tecnicasreunidas.es

Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.

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