Goodman Group (ASX:GMG) ROCE % : 10.98% (As of Dec. 2024)

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What is Goodman 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. Goodman Group's annualized ROCE % for the quarter that ended in Dec. 2024 was 10.98%.

Goodman Group ROCE % Historical Data

The historical data trend for Goodman 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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Goodman Group ROCE % Chart

Goodman Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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11.85

15.93

22.07

9.46

0.02

Goodman Group 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															12.48	6.27	-2.00	2.03	10.98

Goodman Group ROCE % Calculation

Goodman Group'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 )
	=	5.3	/	( ( (24027.2 - 1904.3)	+	(23828.1 - 1410) )	/ 2 )
	=	5.3	/	( (22122.9	+	22418.1)	/ 2 )
	=	5.3	/	22270.5
	=	0.02 %

Goodman Group'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 )
	=	2631.6	/	( ( (23828.1 - 1410)	+	(27391.7 - 1857.3) )	/ 2 )
	=	2631.6	/	( ( 22418.1	+	25534.4 )	/ 2 )
	=	2631.6	/	23976.25
	=	10.98 %

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

Goodman Group (ASX:GMG) 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.

Goodman Group ROCE % Related Terms

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Goodman Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GMGSF:USA MY4:Germany

Address

1-11 Hayes Road, The Hayesbery, Rosebery, GPO Box 4703, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Group owns, manages, and develops industrial properties in 14 countries, historically in Australia but increasingly worldwide. Around half of its operating earnings come from development, a third from management, and the rest from property investment. Most developments are undertaken on behalf of third parties or funds investors. Goodman earns fees in return for development management services. Completed projects either are sold or reside in one of Goodman's funds or partnerships. Goodman typically retains ownership stakes in the investment vehicles and continues to manage the sites after completion, collecting investment management base fees, performance fees, property services fees, and a share of rental income.

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