GPT Group (FRA:46T) ROCE % : -1.57% (As of Dec. 2023)

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What is GPT 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. GPT Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.57%.

GPT Group ROCE % Historical Data

The historical data trend for GPT 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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GPT Group ROCE % Chart

GPT Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.93

-0.67

9.92

3.84

-0.17

GPT Group Semi-Annual Data
	Jun14	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															9.00	7.39	0.31	1.17	-1.57

GPT Group ROCE % Calculation

GPT Group'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 )
	=	-17.063	/	( ( (11016.009 - 792.145)	+	(9992.354 - 547.868) )	/ 2 )
	=	-17.063	/	( (10223.864	+	9444.486)	/ 2 )
	=	-17.063	/	9834.175
	=	-0.17 %

GPT 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 )
	=	-150.378	/	( ( (10450.59 - 686.489)	+	(9992.354 - 547.868) )	/ 2 )
	=	-150.378	/	( ( 9764.101	+	9444.486 )	/ 2 )
	=	-150.378	/	9604.2935
	=	-1.57 %

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

GPT Group (FRA:46T) 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.

GPT Group ROCE % Related Terms

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GPT Group (FRA:46T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » GPT Group (FRA:46T) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GPTGF:USA GPT:Australia

Address

25 Martin Place, Level 51, Sydney, NSW, AUS, 2000

Website

https://www.gpt.com.au

GPT Group was listed in 1971 and is Australia's oldest listed property trust. The business strategy is not particularly differentiated from peers, other than through its somewhat conservative gearing and modest emphasis on development activity. The portfolio weighting to industrial is a major growth area for the firm. GPT remains dominated by retail malls that generate about a third of its revenue, and another quarter from office.

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