ALE Property Group (ASX:LEP) ROCE % : 19.73% (As of Jun. 2021)

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What is ALE Property 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. ALE Property Group's annualized ROCE % for the quarter that ended in Jun. 2021 was 19.73%.

ALE Property Group ROCE % Historical Data

The historical data trend for ALE Property 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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ALE Property Group ROCE % Chart

ALE Property Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

ROCE %

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14.62

8.85

4.46

3.89

16.23

ALE Property Group Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
ROCE %	Get a 7-Day Free Trial															5.80	6.21	2.44	12.68	19.73

ALE Property Group ROCE % Calculation

ALE Property Group's annualized ROCE % for the fiscal year that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2021 )		(A: Jun. 2020 )		(A: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2021 )		(A: Jun. 2020 )		(A: Jun. 2021 )
	=	202.977	/	( ( (1214.882 - 26.839)	+	(1339.975 - 27.082) )	/ 2 )
	=	202.977	/	( (1188.043	+	1312.893)	/ 2 )
	=	202.977	/	1250.468
	=	16.23 %

ALE Property Group's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	251.95	/	( ( (1269.461 - 28.777)	+	(1339.975 - 27.082) )	/ 2 )
	=	251.95	/	( ( 1240.684	+	1312.893 )	/ 2 )
	=	251.95	/	1276.7885
	=	19.73 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

ALE Property Group (ASX:LEP) 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.

ALE Property Group ROCE % Related Terms

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ALE Property Group (ASX:LEP) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ALE Property Group (ASX:LEP) » Definitions » ROCE %

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Address

264 George Street, Level 28:02 Australia Square Tower, Sydney, NSW, AUS, 2000

Website

http://www.alegroup.com.au

ALE Property Group is an internally managed Australian real estate investment trust with a portfolio of 86 freehold pubs across Australia. It is a stapled entity comprising one trust and a company that acts as responsible entity. The portfolio is valued at more than AUD 1 billion: 48% in Victoria, 31% in Queensland, 14% in New South Wales, and small exposures to South Australia and Western Australia. All properties are leased to Australia's largest pub operator, Endeavour Group.

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