Ingenia Communities Group (ASX:INA) ROCE %

: 6.45% (As of Dec. 2023)

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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. Ingenia Communities Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.45%.

Ingenia Communities Group ROCE % Historical Data

The historical data trend for Ingenia Communities 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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Ingenia Communities Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

3.74

3.53

7.52

8.20

4.70

Ingenia Communities 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 %																7.04	8.21	4.27	5.05	6.45

Ingenia Communities Group ROCE % Calculation

Ingenia Communities 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 )
	=	101.871	/	( ( (2183.041 - 117.162)	+	(2378.131 - 105.547) )	/ 2 )
	=	101.871	/	( (2065.879	+	2272.584)	/ 2 )
	=	101.871	/	2169.2315
	=	4.70 %

Ingenia Communities 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 )
	=	148.284	/	( ( (2378.131 - 105.547)	+	(2440.94 - 113.132) )	/ 2 )
	=	148.284	/	( ( 2272.584	+	2327.808 )	/ 2 )
	=	148.284	/	2300.196
	=	6.45 %

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

Ingenia Communities Group (ASX:INA) 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.

Ingenia Communities Group ROCE % Related Terms

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Ingenia Communities Group (ASX:INA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

INGEF:USA

Address

88 Cumberland Street, Level 3, The Rocks, NSW, AUS, 2000

Website

https://www.ingeniacommunities.com.au

Ingenia Communities is an Australian real estate investment trust with a property portfolio capitalizing on tourism, retirement, and low-cost housing needs. The largest and fastest growing source of income is the firm's land-lease communities targeted at the over-55s population. This business generates development income on houses and rental income from the land. Additional rental and fee income are generated from housing communities and holiday parks. The firm's assets are situated in Australia's eastern states, with a focus on coastal and outer metropolitan regions.

Ingenia Communities Group (ASX:INA) Headlines

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