Shinhan Global Active Reit (XKRX:481850) ROCE % : 0.00% (As of Aug. 2024)

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What is Shinhan Global Active 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. Shinhan Global Active Reit's annualized ROCE % for the quarter that ended in Aug. 2024 was 0.00%.

Shinhan Global Active Reit ROCE % Historical Data

The historical data trend for Shinhan Global Active 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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Shinhan Global Active Reit ROCE % Chart

Shinhan Global Active Reit Annual Data

Trend

Feb23

Feb24

ROCE %

-1.63

-13.99

Shinhan Global Active Reit Semi-Annual Data
	Feb23	Aug23	Feb24	Aug24
ROCE %	-	-	-	-

Shinhan Global Active Reit ROCE % Calculation

Shinhan Global Active Reit's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-11048.021	/	( ( (192415.892 - 99201.505)	+	(168359.473 - 103664.435) )	/ 2 )
	=	-11048.021	/	( (93214.387	+	64695.038)	/ 2 )
	=	-11048.021	/	78954.7125
	=	-13.99 %

Shinhan Global Active Reit's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	0	/	( ( (168359.473 - 103664.435)	+	(167620.137 - 46688.673) )	/ 2 )
	=	0	/	( ( 64695.038	+	120931.464 )	/ 2 )
	=	0	/	92813.251
	=	0.00 %

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

Shinhan Global Active Reit (XKRX:481850) 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.

Shinhan Global Active Reit ROCE % Related Terms

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Shinhan Global Active Reit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Shinhan Global Active Reit (XKRX:481850) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Seosomun-ro 11-gil, No. 20, Seoul, KOR

Website

https://shglobalreit.com

Shinhan Global Active Reit is a real estate investment trust and is also engaged in collective investment businesses.

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