IGIS Residence REIT (XKRX:350520) ROCE % : 1.11% (As of Sep. 2023)

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What is IGIS Residence REIT 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. IGIS Residence REIT's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.11%.

IGIS Residence REIT ROCE % Historical Data

The historical data trend for IGIS Residence REIT'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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IGIS Residence REIT ROCE % Chart

IGIS Residence REIT Annual Data

Trend

Jun20

Jun21

Jun22

ROCE %

-0.23

3.76

16.78

IGIS Residence REIT Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			1.57	1.22	75.39	-0.97	1.11

IGIS Residence REIT ROCE % Calculation

IGIS Residence REIT's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	25549.239	/	( ( (125059.581 - 375.032)	+	(294488.83 - 114563.616) )	/ 2 )
	=	25549.239	/	( (124684.549	+	179925.214)	/ 2 )
	=	25549.239	/	152304.8815
	=	16.78 %

IGIS Residence REIT's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	2613.986	/	( ( (347547.512 - 114036.002)	+	(354665.473 - 115370.897) )	/ 2 )
	=	2613.986	/	( ( 233511.51	+	239294.576 )	/ 2 )
	=	2613.986	/	236403.043
	=	1.11 %

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

IGIS Residence REIT (XKRX:350520) 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.

IGIS Residence REIT ROCE % Related Terms

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IGIS Residence REIT (XKRX:350520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » IGIS Residence REIT (XKRX:350520) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

115, Yeouigongwon-ro, Yeongdeungpo-gu, 14th Floor, Sewoo Building, Seoul, KOR, 07241

Website

https://www.igisam.com

IGIS Residence REIT is a real estate investment trust company. The company focuses its investments on residential assets.

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