GDI Property Group (ASX:GDI) ROCE % : 0.24% (As of Dec. 2023)

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What is GDI Property 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. GDI Property Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.24%.

GDI Property Group ROCE % Historical Data

The historical data trend for GDI Property 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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GDI Property Group ROCE % Chart

GDI Property Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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11.51

8.13

2.90

7.48

3.09

GDI Property Group Semi-Annual Data
	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														8.71	6.35	1.28	4.80	0.24

GDI Property Group ROCE % Calculation

GDI Property 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 )
	=	32.459	/	( ( (1059.384 - 65.018)	+	(1129.013 - 19.186) )	/ 2 )
	=	32.459	/	( (994.366	+	1109.827)	/ 2 )
	=	32.459	/	1052.0965
	=	3.09 %

GDI Property 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 )
	=	2.662	/	( ( (1129.013 - 19.186)	+	(1131.376 - 33.267) )	/ 2 )
	=	2.662	/	( ( 1109.827	+	1098.109 )	/ 2 )
	=	2.662	/	1103.968
	=	0.24 %

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

GDI Property Group (ASX:GDI) 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.

GDI Property Group ROCE % Related Terms

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GDI Property Group (ASX:GDI) Business Description

Industry

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N/A

Address

56 Pitt Street, Level 23, Sydney, NSW, AUS, 2000

Website

https://www.gdi.com.au

GDI Property Group is a property owner and fund manager. It is an integrated, internally managed property and funds management group with capabilities in ownership, management, refurbishment, leasing, and syndication of office and industrial properties. The Trust is internally managed and owns a portfolio of office properties across Australia. The Group has two operating segments, property investment and funds management. The Portfolio comprises three wholly-owned properties in CBD locations namely, Mill Green Complex; Goulburn Street; Cavill Avenue. The company owns an established funds business which, in addition to managing the Trust, manages unlisted and unregistered managed investment schemes.

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