AX Real Estate (MAL:AXR) ROCE % : -2.40% (As of Oct. 2023)

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What is AX Real Estate 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. AX Real Estate's annualized ROCE % for the quarter that ended in Oct. 2023 was -2.40%.

AX Real Estate ROCE % Historical Data

The historical data trend for AX Real Estate'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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AX Real Estate ROCE % Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

1.56

0.78

-0.18

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	-	2.21	-0.30	1.98	-2.40

AX Real Estate ROCE % Calculation

AX Real Estate's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.703	/	( ( (422.759 - 32.202)	+	(474.028 - 83.621) )	/ 2 )
	=	-0.703	/	( (390.557	+	390.407)	/ 2 )
	=	-0.703	/	390.482
	=	-0.18 %

AX Real Estate's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	-8.02	/	( ( (294.108 - 17.23)	+	(474.028 - 83.621) )	/ 2 )
	=	-8.02	/	( ( 276.878	+	390.407 )	/ 2 )
	=	-8.02	/	333.6425
	=	-2.40 %

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

AX Real Estate (MAL:AXR) 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.

AX Real Estate ROCE % Related Terms

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AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.