LEG Immobilien SE (XTER:LEG) ROCE % : -15.39% (As of Dec. 2023)

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What is LEG Immobilien SE 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. LEG Immobilien SE's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.39%.

LEG Immobilien SE ROCE % Historical Data

The historical data trend for LEG Immobilien SE'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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LEG Immobilien SE ROCE % Chart

LEG Immobilien SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.36

11.14

13.64

3.30

-9.25

LEG Immobilien SE 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															-17.59	3.19	-28.37	2.50	-15.39

LEG Immobilien SE ROCE % Calculation

LEG Immobilien SE'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 )
	=	-1817.3	/	( ( (21360.7 - 577.3)	+	(19303.6 - 775.1) )	/ 2 )
	=	-1817.3	/	( (20783.4	+	18528.5)	/ 2 )
	=	-1817.3	/	19655.95
	=	-9.25 %

LEG Immobilien SE'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 )
	=	-2862.8	/	( ( (20061.7 - 1386.3)	+	(19303.6 - 775.1) )	/ 2 )
	=	-2862.8	/	( ( 18675.4	+	18528.5 )	/ 2 )
	=	-2862.8	/	18601.95
	=	-15.39 %

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

LEG Immobilien SE (XTER:LEG) 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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LEG Immobilien SE (XTER:LEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » LEG Immobilien SE (XTER:LEG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LEGIF:USA 1LEG:Italy LEGd:UK LEG:Austria

Address

Flughafenstrasse 99, Dusseldorf, NW, DEU, D-40474

Website

http://www.leg.ag

LEG Immobilien SE is a general real estate company. The company's portfolio consists primarily of residential units, followed by garages, parking spaces, and commercial units. The business model is supplemented by the targeted development of innovative value-added services. LEG is primarily focused on the German market of the North Rhine-Westphalia region. The company divides its portfolio into three groups: high growth markets, stable markets, and higher-yielding markets. LEG considers merger and acquisition investment as a potential component of its operational growth strategy.

Executives

Dr. Volker Wiegel	Board of Directors
Dr. Kathrin Köhling	Board of Directors
Michael Zimmer	Supervisory Board
Lars Von Lackum	Board of Directors
Susanne Schröter-crossan	Board of Directors
Martin Wiesmann	Supervisory Board