Mirae Asset Global Reit (XKRX:396690) ROCE % : 1.49% (As of Dec. 2024)

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What is Mirae Asset Global 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. Mirae Asset Global Reit's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.49%.

Mirae Asset Global Reit ROCE % Historical Data

The historical data trend for Mirae Asset Global 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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Mirae Asset Global Reit ROCE % Chart

Mirae Asset Global Reit Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

-0.98

3.27

0.37

Mirae Asset Global Reit Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			1.83	1.64	0.02	1.20	1.49

Mirae Asset Global Reit ROCE % Calculation

Mirae Asset Global Reit's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1306.985	/	( ( (340101.116 - 3291.425)	+	(369857.872 - 5223.325) )	/ 2 )
	=	1306.985	/	( (336809.691	+	364634.547)	/ 2 )
	=	1306.985	/	350722.119
	=	0.37 %

Mirae Asset Global Reit'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 )
	=	5666.348	/	( ( (384128.585 - 12608.858)	+	(397167.193 - 10131.646) )	/ 2 )
	=	5666.348	/	( ( 371519.727	+	387035.547 )	/ 2 )
	=	5666.348	/	379277.637
	=	1.49 %

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

Mirae Asset Global Reit (XKRX:396690) 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.

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Mirae Asset Global Reit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirae Asset Global Reit (XKRX:396690) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Jongno 33, Jongno-gu, Seoul, KOR

Website

Mirae Asset Global Reit is a real estate investment trust engaged in investing in real estate rentals.

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