Vicinity Centres (ASX:VCX) ROCE % : 7.91% (As of Dec. 2024)

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What is Vicinity Centres 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. Vicinity Centres's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.91%.

Vicinity Centres ROCE % Historical Data

The historical data trend for Vicinity Centres'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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Vicinity Centres ROCE % Chart

Vicinity Centres Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-10.47

-0.75

9.40

2.93

4.91

Vicinity Centres Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															3.57	2.23	4.27	5.58	7.91

Vicinity Centres ROCE % Calculation

Vicinity Centres'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 )
	=	731.5	/	( ( (15584.6 - 660.7)	+	(15725.8 - 856.7) )	/ 2 )
	=	731.5	/	( (14923.9	+	14869.1)	/ 2 )
	=	731.5	/	14896.5
	=	4.91 %

Vicinity Centres'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 )
	=	1191.8	/	( ( (15725.8 - 856.7)	+	(16419.5 - 1173.4) )	/ 2 )
	=	1191.8	/	( ( 14869.1	+	15246.1 )	/ 2 )
	=	1191.8	/	15057.6
	=	7.91 %

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

Vicinity Centres (ASX:VCX) 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.

Vicinity Centres ROCE % Related Terms

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Vicinity Centres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vicinity Centres (ASX:VCX) » Definitions » ROCE %

Comparable Companies

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CNRAF:USA C98:Germany

Address

1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148

Website

https://www.vicinity.com.au

Vicinity Centres operates over 50 shopping malls in Australia. They include several iconic city centers, like Queen Victoria Building, The Strand Arcade and The Galeries in Sydney, which are frequented by tourists and office workers nearby. Melbourne's Chadstone, Vicinity's crown jewel, is Australia's largest and highest turnover shopping mall. Smaller regional and neighborhood centers, to which Vicinity is consciously trimming exposure, account for around 15% of the portfolio. Vast majority of Vicinity's income is derived from rents. The group also earns small management fees for managing properties and development projects on behalf of capital partners.

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