Bul Land Inv Re (XBUL:LAND) ROCE % : -2.21% (As of Mar. 2024)

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What is Bul Land Inv Re 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. Bul Land Inv Re's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.21%.

Bul Land Inv Re ROCE % Historical Data

The historical data trend for Bul Land Inv Re'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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Bul Land Inv Re ROCE % Chart

Bul Land Inv Re Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.74

3.86

3.11

-0.52

-2.39

Bul Land Inv Re Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.60	-2.48	-	-8.14	-2.21

Bul Land Inv Re ROCE % Calculation

Bul Land Inv Re'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 )
	=	-0.408	/	( ( (17.387 - 0.099)	+	(16.956 - 0.076) )	/ 2 )
	=	-0.408	/	( (17.288	+	16.88)	/ 2 )
	=	-0.408	/	17.084
	=	-2.39 %

Bul Land Inv Re's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.372	/	( ( (16.956 - 0.076)	+	(16.858 - 0.072) )	/ 2 )
	=	-0.372	/	( ( 16.88	+	16.786 )	/ 2 )
	=	-0.372	/	16.833
	=	-2.21 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Bul Land Inv Re (XBUL:LAND) 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.

Bul Land Inv Re ROCE % Related Terms

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Bul Land Inv Re (XBUL:LAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Bul Land Inv Re (XBUL:LAND) » Definitions » ROCE %

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Address

43 Hristofor Kolumb Boulevard ap. 3, Sofia, BGR, 1592

Website

http://www.bulland.bg

Bul Land Inv Re is an investment company for securitization of agricultural land. The objective is to provide shareholders with a growing value of the company's shares and current income through the distribution of dividends.