Hanwha Reit (XKRX:451800) ROCE % : 2.37% (As of Jul. 2023)

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What is Hanwha 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. Hanwha Reit's annualized ROCE % for the quarter that ended in Jul. 2023 was 2.37%.

Hanwha Reit ROCE % Historical Data

The historical data trend for Hanwha 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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Hanwha Reit ROCE % Chart

Hanwha Reit Annual Data

Trend

Sep22

Apr23

ROCE %

4.08

Hanwha Reit Semi-Annual Data
	Jan23	Jul23
ROCE %	-	2.37

Hanwha Reit ROCE % Calculation

Hanwha Reit's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Sep. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Sep. 2022 )		(A: Apr. 2023 )
	=	11928.505	/	( ( (300.019 - 0)	+	(716534.427 - 132633.419) )	/ 2 )
	=	11928.505	/	( (300.019	+	583901.008)	/ 2 )
	=	11928.505	/	292100.5135
	=	4.08 %

Hanwha Reit's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	13672.404	/	( ( (0 - 0)	+	(718592.484 - 141896.819) )	/ 1 )
	=	13672.404	/	( ( 0	+	576695.665 )	/ 1 )
	=	13672.404	/	576695.665
	=	2.37 %

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

Hanwha Reit (XKRX:451800) 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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Hanwha Reit (XKRX:451800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hanwha Reit (XKRX:451800) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50, 63-ro, Yeongdeungpo-gu, 49th Floor, 63 Hanwha Life Building, Yeouido-dong, Seoul, KOR

Website

https://www.hanwhareit.com

Hanwha Reit operates as a real estate investment company. It mainly holds an interest in domestic office buildings.

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