Winton Land (ASX:WTN) ROCE % : 5.41% (As of Dec. 2023)

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What is Winton Land 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. Winton Land's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.41%.

Winton Land ROCE % Historical Data

The historical data trend for Winton Land'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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Winton Land ROCE % Chart

Winton Land Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

9.00

19.47

Winton Land Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	0.95	16.56	20.83	17.67	5.41

Winton Land ROCE % Calculation

Winton Land'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 )
	=	88.522	/	( ( (449.205 - 29.706)	+	(539.886 - 50.108) )	/ 2 )
	=	88.522	/	( (419.499	+	489.778)	/ 2 )
	=	88.522	/	454.6385
	=	19.47 %

Winton Land'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 )
	=	28.436	/	( ( (539.886 - 50.108)	+	(602.482 - 41.888) )	/ 2 )
	=	28.436	/	( ( 489.778	+	560.594 )	/ 2 )
	=	28.436	/	525.186
	=	5.41 %

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

Winton Land (ASX:WTN) 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.

Winton Land ROCE % Related Terms

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Winton Land (ASX:WTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Winton Land Ltd (ASX:WTN) » Definitions » ROCE %

Traded in Other Exchanges

WIN:New Zealand

Address

10 Viaduct Harbour Avenue, Level 4, Auckland, NTL, NZL, 1010

Website

https://www.winton.nz

Winton Land Ltd is a privately owned developer with projects in New Zealand and Australia. It specializes in developing integrated and fully master-planned communities. The company has a portfolio of several resident lots, dwellings, apartment units, and retirement village units. The company has three reportable segments which are Residential development, Retirement villages, and Commercial portfolio and the company generates the majority of its revenue from residential development.

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