Globe Trade Centre (JSE:GTC) ROCE % : 3.43% (As of Mar. 2024)

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What is Globe Trade Centre 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. Globe Trade Centre's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.43%.

Globe Trade Centre ROCE % Historical Data

The historical data trend for Globe Trade Centre'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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Globe Trade Centre ROCE % Chart

Globe Trade Centre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.61

-2.01

3.74

2.71

1.90

Globe Trade Centre Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.23	-0.31	22.55	-7.82	3.43

Globe Trade Centre ROCE % Calculation

Globe Trade Centre's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	944.848	/	( ( (48872.746 - 1837.831)	+	(53980.258 - 1755.588) )	/ 2 )
	=	944.848	/	( (47034.915	+	52224.67)	/ 2 )
	=	944.848	/	49629.7925
	=	1.90 %

Globe Trade Centre's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1786.444	/	( ( (53980.258 - 1755.588)	+	(56125.471 - 4144.467) )	/ 2 )
	=	1786.444	/	( ( 52224.67	+	51981.004 )	/ 2 )
	=	1786.444	/	52102.837
	=	3.43 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Globe Trade Centre (JSE:GTC) 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.

Globe Trade Centre ROCE % Related Terms

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Globe Trade Centre (JSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Globe Trade Centre SA (JSE:GTC) » Definitions » ROCE %

Comparable Companies

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GTC:Poland

Address

Komitetu Obrony Robotnikow 45A, Nothus Building, Warsaw, POL, 02-146

Website

https://www.gtc.com.pl

Globe Trade Centre SA is a real estate investor and developer that focuses its business in Poland and several capital cities in Eastern Europe. The group operates in Poland, Belgrade, Hungary, Bucharest, Zagreb, and Sofia. The group manages a real estate portfolio that includes commercial buildings in the form of offices and retail space. The commercial property portfolio is actively managed by the group. In terms of geographic location, almost half of the company's revenue comes from Poland and the remaining is made up of other geographic areas.

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