GL (GUORF) ROCE % : -0.14% (As of Dec. 2020)

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What is GL 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. GL's annualized ROCE % for the quarter that ended in Dec. 2020 was -0.14%.

GL ROCE % Historical Data

The historical data trend for GL'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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GL ROCE % Chart

GL Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

ROCE %

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6.08

5.92

7.73

3.89

1.33

GL Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
ROCE %	Get a 7-Day Free Trial															7.67	0.08	8.12	-4.83	-0.14

GL ROCE % Calculation

GL's annualized ROCE % for the fiscal year that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2020 )		(A: Jun. 2019 )		(A: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2020 )		(A: Jun. 2019 )		(A: Jun. 2020 )
	=	20.5	/	( ( (1368.1 - 64.9)	+	(1838.4 - 62.8) )	/ 2 )
	=	20.5	/	( (1303.2	+	1775.6)	/ 2 )
	=	20.5	/	1539.4
	=	1.33 %

GL's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	-2.6	/	( ( (1838.4 - 62.8)	+	(2033.9 - 62.8) )	/ 2 )
	=	-2.6	/	( ( 1775.6	+	1971.1 )	/ 2 )
	=	-2.6	/	1873.35
	=	-0.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2020) EBIT data.

GL (GREY:GUORF) 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.

GL ROCE % Related Terms

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GL (GUORF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GL Ltd (GREY:GUORF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Wallich Street, No. 15-02 Guoco Tower, Singapore, SGP, 078881

Website

https://www.gl-grp.com

GL Ltd is a holding company, primarily operating in the lodging industry. The company has several business segments that include hotels, oil & gas, property development, and Others. The hotel segment wholly owns, manages, and leases hotel chains in the United Kingdom. The oil & gas segment owns the rights to royalties for the production of oil and natural gas in the Bass Strait in Australia. The property development section owns properties in Hawaii and London. The Others segment covers the Group's other investments, treasury operations, and corporate office. The company generates the vast majority of its revenue in the U.K.

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