Grand Parade Investments (JSE:GPL) ROCE % : 8.74% (As of Dec. 2024)

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What is Grand Parade Investments 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. Grand Parade Investments's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.74%.

Grand Parade Investments ROCE % Historical Data

The historical data trend for Grand Parade Investments'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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Grand Parade Investments ROCE % Chart

Grand Parade Investments Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-2.24

1.22

0.39

2.35

7.01

Grand Parade Investments 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															8.12	-4.01	10.04	4.11	8.74

Grand Parade Investments ROCE % Calculation

Grand Parade Investments'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 )
	=	78.164	/	( ( (1160.146 - 33.944)	+	(1135.088 - 31.698) )	/ 2 )
	=	78.164	/	( (1126.202	+	1103.39)	/ 2 )
	=	78.164	/	1114.796
	=	7.01 %

Grand Parade Investments'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 )
	=	96.222	/	( ( (1135.088 - 31.698)	+	(1114.799 - 15.199) )	/ 2 )
	=	96.222	/	( ( 1103.39	+	1099.6 )	/ 2 )
	=	96.222	/	1101.495
	=	8.74 %

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

Grand Parade Investments (JSE:GPL) 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.

Grand Parade Investments ROCE % Related Terms

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Grand Parade Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Grand Parade Investments Ltd (JSE:GPL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 Rosmead Avenue, First Floor, Block D, Kenilworth Racecourse, Kenilworth, Cape Town, WC, ZAF, 7780

Website

https://www.grandparade.co.za

Grand Parade Investments Ltd is an empowerment company. Its operating segments include Food, gaming, and leisure. The company generates maximum revenue from the Gaming and Leisure segment. The gaming and leisure segment includes SunWest, Sun Slots, Worcester Casino, and Infinity Gaming Africa.

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