HMC Capital (ASX:HMC) ROCE % : 32.04% (As of Dec. 2024)

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What is HMC Capital 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. HMC Capital's annualized ROCE % for the quarter that ended in Dec. 2024 was 32.04%.

HMC Capital ROCE % Historical Data

The historical data trend for HMC Capital'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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HMC Capital ROCE % Chart

HMC Capital Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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1.50

0.41

13.75

8.73

10.35

HMC Capital Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial							5.14	11.35	7.53	13.79	32.04

HMC Capital ROCE % Calculation

HMC Capital's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	145.6	/	( ( (1384.719 - 106.54)	+	(1787.8 - 253.8) )	/ 2 )
	=	145.6	/	( (1278.179	+	1534)	/ 2 )
	=	145.6	/	1406.0895
	=	10.35 %

HMC Capital's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	606.4	/	( ( (1787.8 - 253.8)	+	(2485.8 - 234) )	/ 2 )
	=	606.4	/	( ( 1534	+	2251.8 )	/ 2 )
	=	606.4	/	1892.9
	=	32.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

HMC Capital (ASX:HMC) 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.

HMC Capital ROCE % Related Terms

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HMC Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HMC Capital Ltd (ASX:HMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HMCLF:USA

Address

1 Macquarie Place, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.hmccapital.com.au

HMC Capital Ltd is a property group focused on ownership, development, and management. The company's operating segment includes Real Estate which comprises of HMC Capital managed HomeCo Daily Needs REIT, HealthCo Healthcare and Wellness REIT, HMC Wholesale Healthcare Fund and the Last Mile Logistics Fund; Private Equity which includes the HMC Capital Partners Fund I, a high conviction strategic stakes fund; and Corporate properties which includes unallocated costs and Capital Solutions activities which includes short term investments undertaken relating to non-HMC managed funds. It generates maximum revenue from the Real Estate segment. The company portfolio comprises mainly retail and services centers.