Miraeasset Maps REIT 1 (XKRX:357250) ROCE % : 0.98% (As of Aug. 2023)

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What is Miraeasset Maps REIT 1 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. Miraeasset Maps REIT 1's annualized ROCE % for the quarter that ended in Aug. 2023 was 0.98%.

Miraeasset Maps REIT 1 ROCE % Historical Data

The historical data trend for Miraeasset Maps REIT 1'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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Miraeasset Maps REIT 1 ROCE % Chart

Miraeasset Maps REIT 1 Annual Data

Trend

Nov20

May21

May22

May23

ROCE %

1.52

1.25

1.31

1.37

Miraeasset Maps REIT 1 Semi-Annual Data
	May20	Nov20	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial			0.89	1.32	0.91	1.40	0.98

Miraeasset Maps REIT 1 ROCE % Calculation

Miraeasset Maps REIT 1's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	3953.372	/	( ( (292501.902 - 2148.953)	+	(289294.093 - 2189.656) )	/ 2 )
	=	3953.372	/	( (290352.949	+	287104.437)	/ 2 )
	=	3953.372	/	288728.693
	=	1.37 %

Miraeasset Maps REIT 1's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	2789.124	/	( ( (291030.622 - 4698.676)	+	(289358.527 - 5121.067) )	/ 2 )
	=	2789.124	/	( ( 286331.946	+	284237.46 )	/ 2 )
	=	2789.124	/	285284.703
	=	0.98 %

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

Miraeasset Maps REIT 1 (XKRX:357250) 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.

Miraeasset Maps REIT 1 ROCE % Related Terms

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Miraeasset Maps REIT 1 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Miraeasset Maps REIT 1 (XKRX:357250) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gyeonggi-do, Gwanggyo New Town, Suwon-si, KOR

Website

https://www.maps1reit.miraeasset.com

Miraeasset Maps REIT 1 is a real estate investment trust.

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