Argosy Property (NZSE:ARG) ROCE % : 0.33% (As of Sep. 2023)

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What is Argosy Property 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. Argosy Property's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.33%.

Argosy Property ROCE % Historical Data

The historical data trend for Argosy Property'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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Argosy Property ROCE % Chart

Argosy Property Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.54

8.13

13.60

12.04

-1.64

Argosy Property Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															13.32	11.03	2.85	-6.16	0.33

Argosy Property ROCE % Calculation

Argosy Property's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-36.531	/	( ( (2291.546 - 28.673)	+	(2212.637 - 22.687) )	/ 2 )
	=	-36.531	/	( (2262.873	+	2189.95)	/ 2 )
	=	-36.531	/	2226.4115
	=	-1.64 %

Argosy Property's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	7.164	/	( ( (2212.637 - 22.687)	+	(2175.556 - 17.267) )	/ 2 )
	=	7.164	/	( ( 2189.95	+	2158.289 )	/ 2 )
	=	7.164	/	2174.1195
	=	0.33 %

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

Argosy Property (NZSE:ARG) 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.

Argosy Property ROCE % Related Terms

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Argosy Property (NZSE:ARG) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Argosy Property Ltd (NZSE:ARG) » Definitions » ROCE %

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IGPYF:USA

Address

Victoria Street West, P.O. Box 90214, 39 Market Place, Auckland, NTL, NZL, 1142

Website

https://www.argosy.co.nz

Argosy Property Ltd's business activity is to invest in and actively manage properties throughout New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centres, and entertainment venues.

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