Glenveagh Properties (DUB:GVR) ROCE % : 14.88% (As of Dec. 2023)

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What is Glenveagh Properties 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. Glenveagh Properties's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.88%.

Glenveagh Properties ROCE % Historical Data

The historical data trend for Glenveagh Properties'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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Glenveagh Properties ROCE % Chart

Glenveagh Properties Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.43

-1.48

5.88

8.56

9.09

Glenveagh Properties Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							9.85	3.62	12.92	2.14	14.88

Glenveagh Properties ROCE % Calculation

Glenveagh Properties's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	71.332	/	( ( (875.801 - 103.746)	+	(935.342 - 137.5) )	/ 2 )
	=	71.332	/	( (772.055	+	797.842)	/ 2 )
	=	71.332	/	784.9485
	=	9.09 %

Glenveagh Properties's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	124.972	/	( ( (969.709 - 87.661)	+	(935.342 - 137.5) )	/ 2 )
	=	124.972	/	( ( 882.048	+	797.842 )	/ 2 )
	=	124.972	/	839.945
	=	14.88 %

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

Glenveagh Properties (DUB:GVR) 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.

Glenveagh Properties ROCE % Related Terms

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Glenveagh Properties (DUB:GVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Glenveagh Properties PLC (DUB:GVR) » Definitions » ROCE %

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Address

Block B, Straffan Road, Maynooth Business Campus, Maynooth, Kildare, IRL, W23 W5X7

Website

https://www.glenveagh.ie/corporate

Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organised into three key reportable segments, 1) The Suburban segment is engaged in housing (with some low rise apartments) with demand coming from private buyers and institutions. 2) Urban segment is engaged in developing apartments to deliver to institutional investors. The apartments are located primarily in Dublin and Cork, but also on sites adjacent to significant rail transportation hubs. 3) Partnerships segment involves the Government, local authorities, or state agencies contributing their land on a reduced cost, or phased basis into a development agreement with Glenveagh. Approximately 50% of the product is delivered back to the government or local authority via social and affordable homes.

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