Grande Royal Orchid Hospitality REIT (BKK:GROREIT) ROCE % : 7.89% (As of Mar. 2024)

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What is Grande Royal Orchid Hospitality REIT 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. Grande Royal Orchid Hospitality REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.89%.

Grande Royal Orchid Hospitality REIT ROCE % Historical Data

The historical data trend for Grande Royal Orchid Hospitality REIT'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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Grande Royal Orchid Hospitality REIT ROCE % Chart

Grande Royal Orchid Hospitality REIT Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

4.14

8.90

9.03

Grande Royal Orchid Hospitality REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						7.38	6.47	6.68	7.85	7.89

Grande Royal Orchid Hospitality REIT ROCE % Calculation

Grande Royal Orchid Hospitality REIT'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 )
	=	324.025	/	( ( (4967.344 - 1351.617)	+	(4910.242 - 1351.6) )	/ 2 )
	=	324.025	/	( (3615.727	+	3558.642)	/ 2 )
	=	324.025	/	3587.1845
	=	9.03 %

Grande Royal Orchid Hospitality REIT'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 )
	=	333.364	/	( ( (4910.242 - 1351.6)	+	(4891.958 - 1.63) )	/ 2 )
	=	333.364	/	( ( 3558.642	+	4890.328 )	/ 2 )
	=	333.364	/	4224.485
	=	7.89 %

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

Grande Royal Orchid Hospitality REIT (BKK:GROREIT) 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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Grande Royal Orchid Hospitality REIT (BKK:GROREIT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

989 Rama 1 Road, 9th and 24th Floor, Siam Piwat Tower Building, Pathumwan, Bangkok, THA, 10330

Website

Grande Royal Orchid Hospitality REIT is a trust that invests in the freehold right of the Royal Orchid Sheraton Hotel and Tower.

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