MRVGF (Mirvac Group) ROCE % : 1.37% (As of Dec. 2024)

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What is Mirvac 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. Mirvac Group's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.37%.

Mirvac Group ROCE % Historical Data

The historical data trend for Mirvac 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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Mirvac Group ROCE % Chart

Mirvac Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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4.89

7.36

6.66

-0.20

-3.97

Mirvac 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															3.61	-4.14	-1.36	-6.57	1.37

Mirvac Group ROCE % Calculation

Mirvac 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 )
	=	-387.782	/	( ( (11330.201 - 1007.383)	+	(10329.349 - 1118.194) )	/ 2 )
	=	-387.782	/	( (10322.818	+	9211.155)	/ 2 )
	=	-387.782	/	9766.9865
	=	-3.97 %

Mirvac 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 )
	=	122.862	/	( ( (10329.349 - 1118.194)	+	(9780.874 - 1058.898) )	/ 2 )
	=	122.862	/	( ( 9211.155	+	8721.976 )	/ 2 )
	=	122.862	/	8966.5655
	=	1.37 %

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

Mirvac Group (OTCPK:MRVGF) 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.

Mirvac Group ROCE % Related Terms

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Mirvac Group Business Description

Industry

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MGR:Australia

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two thirds of group earnings. The investment portfolio, by book value, is made up of 60% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer-term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around a third of fiscal 2024 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.