Warehouses Estates Belgium (XBRU:WEB) ROCE % : 3.43% (As of Dec. 2023)

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What is Warehouses Estates Belgium 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. Warehouses Estates Belgium's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.43%.

Warehouses Estates Belgium ROCE % Historical Data

The historical data trend for Warehouses Estates Belgium'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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Warehouses Estates Belgium ROCE % Chart

Warehouses Estates Belgium Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.56

4.13

5.82

5.09

5.13

Warehouses Estates Belgium Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.05	6.41	3.76	7.47	3.43

Warehouses Estates Belgium ROCE % Calculation

Warehouses Estates Belgium'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 )
	=	14.554	/	( ( (307.198 - 31.281)	+	(322.445 - 30.463) )	/ 2 )
	=	14.554	/	( (275.917	+	291.982)	/ 2 )
	=	14.554	/	283.9495
	=	5.13 %

Warehouses Estates Belgium'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 )
	=	9.352	/	( ( (313.024 - 59.841)	+	(322.445 - 30.463) )	/ 2 )
	=	9.352	/	( ( 253.183	+	291.982 )	/ 2 )
	=	9.352	/	272.5825
	=	3.43 %

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

Warehouses Estates Belgium (XBRU:WEB) 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.

Warehouses Estates Belgium ROCE % Related Terms

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Warehouses Estates Belgium (XBRU:WEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Warehouses Estates Belgium SA (XBRU:WEB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WPK:Germany

Address

29 Avenue Jean Mermoz, Gosselies, BEL, 6041

Website

https://www.w-e-b.be

Warehouses Estates Belgium SA Formerly Warehouses Estates Belgium SCA is a real estate investment trust. It operates in commercial, semi-industrial and industrial tenancy. It also rents out industrial properties, shopping centers, retail warehouses, offices, and residential properties.