Stockland (Stockland) ROCE % : 1.89% (As of Dec. 2023)

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What is Stockland 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. Stockland's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.89%.

Stockland ROCE % Historical Data

The historical data trend for Stockland'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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Stockland ROCE % Chart

Stockland Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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2.85

0.78

8.12

9.90

3.85

Stockland Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.51	8.75	4.70	3.09	1.89

Stockland ROCE % Calculation

Stockland's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	400.671	/	( ( (14345.748 - 3546.732)	+	(11167.785 - 1146.98) )	/ 2 )
	=	400.671	/	( (10799.016	+	10020.805)	/ 2 )
	=	400.671	/	10409.9105
	=	3.85 %

Stockland's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	195.448	/	( ( (11167.785 - 1146.98)	+	(11742.303 - 1119.143) )	/ 2 )
	=	195.448	/	( ( 10020.805	+	10623.16 )	/ 2 )
	=	195.448	/	10321.9825
	=	1.89 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Stockland (OTCPK:STKAF) 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.

Stockland ROCE % Related Terms

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Stockland (Stockland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Stockland Corp Ltd (OTCPK:STKAF) » Definitions » ROCE %

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LN1:Germany SGP:Australia

Address

133 Castlereagh Street, Level 25, Sydney, NSW, AUS, 2000

Website

https://www.stockland.com.au

Stockland is Australia's largest housing developer, and this division generates about a third of the group's funds-from-operations. Nearly two thirds comes from commercial property, about half of which is retail. It also has a growing land-lease business. The mix is evolving. Earnings from the residential development division are volatile though we expect volumes and margins to improve over the next five years, after a challenging 2023 where interest rate rises caused house price falls. In commercial property the group is trimming retail and adding office and industrial via acquisitions and developments. Stockland-stapled securities comprise one share in the corporation that largely operates developments and one unit in a trust that holds the property portfolio.

Stockland (Stockland) Headlines

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Stockland Stock Appears To Be Fairly Valued

By GF Value GF Value • 05-18-2021