GRIT Real Estateome Group (LSE:GR1T) ROCE % : -1.56% (As of Dec. 2023)

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What is GRIT Real Estateome Group 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. GRIT Real Estateome Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.56%.

GRIT Real Estateome Group ROCE % Historical Data

The historical data trend for GRIT Real Estateome Group'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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GRIT Real Estateome Group ROCE % Chart

GRIT Real Estateome Group Annual Data

Trend

Aug13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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10.78

-4.65

-5.68

6.66

1.87

GRIT Real Estateome Group Semi-Annual Data
	Aug13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															6.07	6.16	5.60	-1.87	-1.56

GRIT Real Estateome Group ROCE % Calculation

GRIT Real Estateome Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	11.022	/	( ( (761.021 - 190.701)	+	(718.888 - 113.372) )	/ 2 )
	=	11.022	/	( (570.32	+	605.516)	/ 2 )
	=	11.022	/	587.918
	=	1.87 %

GRIT Real Estateome Group'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 )
	=	-9.468	/	( ( (718.888 - 113.372)	+	(705.931 - 96.635) )	/ 2 )
	=	-9.468	/	( ( 605.516	+	609.296 )	/ 2 )
	=	-9.468	/	607.406
	=	-1.56 %

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

GRIT Real Estateome Group (LSE:GR1T) 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.

GRIT Real Estateome Group ROCE % Related Terms

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GRIT Real Estateome Group (LSE:GR1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GRIT Real Estate Income Group Ltd (LSE:GR1T) » Definitions » ROCE %

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Traded in Other Exchanges

DEL.N0000:Mauritius

Address

The Precinct,, M2 Junction, B11 Fond du Sac Road, Grand Baie, MUS, 31301

Website

https://www.grit.group

GRIT Real Estate Income Group Ltd is a real estate income group operating in selected African countries that invest in real estate assets. Its geographical segments include Botswana, Senegal, Morocco, Mozambique, Zambia, Kenya, Ghana, and Mauritius.

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