Centuria Office REIT (ASX:COF) ROCE % : -7.02% (As of Dec. 2023)

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What is Centuria Office 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. Centuria Office REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.02%.

Centuria Office REIT ROCE % Historical Data

The historical data trend for Centuria Office 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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Centuria Office REIT ROCE % Chart

Centuria Office REIT Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.65

2.64

4.66

6.15

-2.40

Centuria Office REIT Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														6.73	5.23	-0.15	-4.68	-7.02

Centuria Office REIT ROCE % Calculation

Centuria Office REIT's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-55.103	/	( ( (2410.773 - 57.174)	+	(2311.017 - 68.549) )	/ 2 )
	=	-55.103	/	( (2353.599	+	2242.468)	/ 2 )
	=	-55.103	/	2298.0335
	=	-2.40 %

Centuria Office REIT'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 )
	=	-152.688	/	( ( (2311.017 - 68.549)	+	(2159.095 - 52.645) )	/ 2 )
	=	-152.688	/	( ( 2242.468	+	2106.45 )	/ 2 )
	=	-152.688	/	2174.459
	=	-7.02 %

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

Centuria Office REIT (ASX:COF) 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.

Centuria Office REIT ROCE % Related Terms

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Centuria Office REIT (ASX:COF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Centuria Office REIT (ASX:COF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Chifley Square, Level 41, Chifley Tower, Sydney, NSW, AUS, 2000

Website

https://www.centuria.com.au

Centuria Office REIT is an Australia-based pure-play office REIT. The company owns a portfolio of assets situated in core office markets throughout Australia. COF is overseen by a hands-on, active manager and provides investors with income and the opportunity for capital growth from a pure play portfolio of high-quality Australian office assets.