Cia Levantina Edificacion de O Publicas (XMAD:CLEO) ROCE % : 2.79% (As of Jun. 2023)

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What is Cia Levantina Edificacion de O Publicas 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. Cia Levantina Edificacion de O Publicas's annualized ROCE % for the quarter that ended in Jun. 2023 was 2.79%.

Cia Levantina Edificacion de O Publicas ROCE % Historical Data

The historical data trend for Cia Levantina Edificacion de O Publicas'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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Cia Levantina Edificacion de O Publicas ROCE % Chart

Cia Levantina Edificacion de O Publicas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-1.98

-4.27

-5.70

-1.05

13.78

Cia Levantina Edificacion de O Publicas Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															0.63	-2.75	-1.17	28.51	2.79

Cia Levantina Edificacion de O Publicas ROCE % Calculation

Cia Levantina Edificacion de O Publicas's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	5.58	/	( ( (70.741 - 34.665)	+	(62.881 - 17.942) )	/ 2 )
	=	5.58	/	( (36.076	+	44.939)	/ 2 )
	=	5.58	/	40.5075
	=	13.78 %

Cia Levantina Edificacion de O Publicas's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1.254	/	( ( (62.881 - 17.942)	+	(62.76 - 17.804) )	/ 2 )
	=	1.254	/	( ( 44.939	+	44.956 )	/ 2 )
	=	1.254	/	44.9475
	=	2.79 %

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

Cia Levantina Edificacion de O Publicas (XMAD:CLEO) 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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Cia Levantina Edificacion de O Publicas (XMAD:CLEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Cia Levantina Edificacion de O Publicas (XMAD:CLEO) » Definitions » ROCE %

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Address

C / Santa Cruz de la Zarza, nº3, Valencia, ESP, 46021

Website

http://www.cleop.es

Cia Levantina Edificacion de O Publicas is a construction company operating in both the private and public sectors. Its activities include the construction of industrial and residential buildings, civil construction projects and real estate sales. It constructs homes and tourist apartments, industrial buildings, sport facilities, educational centers, and hospital buildings, penitentiary centers, pipelines, dams and reservoirs, roads, bridges, transfers, and urbanization, as well as irrigation modernization facilities; rehabilitates and restores emblematic buildings and monuments; develops residential centers, and geriatric centers and projects.

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