Aedifica (XBRU:AED) ROCE % : 5.55% (As of Mar. 2024)

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What is Aedifica 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. Aedifica's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.55%.

Aedifica ROCE % Historical Data

The historical data trend for Aedifica'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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Aedifica ROCE % Chart

Aedifica Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec21

Dec22

Dec23

ROCE %

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5.23

7.41

10.47

7.98

1.23

Aedifica Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.06	3.59	3.22	-1.80	5.55

Aedifica ROCE % Calculation

Aedifica'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 )
	=	69.562	/	( ( (6085.54 - 532.211)	+	(6176.811 - 407.308) )	/ 2 )
	=	69.562	/	( (5553.329	+	5769.503)	/ 2 )
	=	69.562	/	5661.416
	=	1.23 %

Aedifica'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 )
	=	321.444	/	( ( (6176.811 - 407.308)	+	(6276.952 - 456.906) )	/ 2 )
	=	321.444	/	( ( 5769.503	+	5820.046 )	/ 2 )
	=	321.444	/	5794.7745
	=	5.55 %

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

Aedifica (XBRU:AED) 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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Aedifica (XBRU:AED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Aedifica SA (XBRU:AED) » Definitions » ROCE %

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AEDFF:USA AEDb:UK 0DKX:UK AOO:Germany

Address

Rue Belliard 40 (box 11), Brussels, BEL, B-1040

Website

https://www.aedifica.eu

Aedifica SA is a Belgian real estate investment trust that invests in, develops, and leases healthcare properties. The company focuses on providing housing for the aging population in Western Europe and the growing populations in Belgium's major cities. The majority of Aedifica's real estate portfolio is composed of Elderly care homes. The company derives the vast majority of its income in the form of rental revenue. Its geographical segments are Belgium, Germany, Netherlands, Ireland, United Kingdom, Finland, and Sweden.