Arvida Group (NS) (NZSE:ARV) ROCE % : 5.37% (As of Sep. 2023)

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What is Arvida Group (NS) 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. Arvida Group (NS)'s annualized ROCE % for the quarter that ended in Sep. 2023 was 5.37%.

Arvida Group (NS) ROCE % Historical Data

The historical data trend for Arvida Group (NS)'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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Arvida Group (NS) ROCE % Chart

Arvida Group (NS) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.57

1.73

7.16

7.78

2.92

Arvida Group (NS) Semi-Annual Data
	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													7.44	9.27	5.56	0.36	5.37

Arvida Group (NS) ROCE % Calculation

Arvida Group (NS)'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 )
	=	99.009	/	( ( (3396.908 - 177.75)	+	(3761.957 - 195.098) )	/ 2 )
	=	99.009	/	( (3219.158	+	3566.859)	/ 2 )
	=	99.009	/	3393.0085
	=	2.92 %

Arvida Group (NS)'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 )
	=	197.866	/	( ( (3761.957 - 195.098)	+	(4014.349 - 209.052) )	/ 2 )
	=	197.866	/	( ( 3566.859	+	3805.297 )	/ 2 )
	=	197.866	/	3686.078
	=	5.37 %

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

Arvida Group (NS) (NZSE:ARV) 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.

Arvida Group (NS) ROCE % Related Terms

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Arvida Group (NS) (NZSE:ARV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Arvida Group Ltd (NS) (NZSE:ARV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Customs Street West, Aon Centre, Level 15, Auckland, NTL, NZL, 1010

Website

https://www.arvida.co.nz

Arvida Group Ltd (NS) is engaged in operating aged care facilities and retirement villages. Aged care facilities include rest homes, hospitals, and secure dementia care. Retirement living consists of the independent living facility which provides residents to continue living independently and to enjoy a retirement village lifestyle and facilities knowing that care is available if and when they should need it, and assisted living which is focused on providing residents with the support and care they require. The group provides services primarily in New Zealand.

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