Stride Property (NZSE:SPG) ROCE % : 0.89% (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Stride 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. Stride Property's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.89%.

Stride Property ROCE % Historical Data

The historical data trend for Stride 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.

* Premium members only.

Stride Property ROCE % Chart

Stride Property Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

4.00

12.36

9.40

-5.92

-2.20

Stride Property Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															8.30	-5.17	-6.64	-5.18	0.89

Stride Property ROCE % Calculation

Stride Property's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-32.829	/	( ( (1590.463 - 44.517)	+	(1458.543 - 17.858) )	/ 2 )
	=	-32.829	/	( (1545.946	+	1440.685)	/ 2 )
	=	-32.829	/	1493.3155
	=	-2.20 %

Stride Property's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	13.04	/	( ( (1503.248 - 11.329)	+	(1458.543 - 17.858) )	/ 2 )
	=	13.04	/	( ( 1491.919	+	1440.685 )	/ 2 )
	=	13.04	/	1466.302
	=	0.89 %

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

Stride Property (NZSE:SPG) 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.

Stride Property ROCE % Related Terms

Thank you for viewing the detailed overview of Stride Property's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Stride Property (NZSE:SPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Stride Property Ltd (NZSE:SPG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shortland Street, Level 12, Louise Hill, Auckland, NTL, NZL, 1010

Website

https://www.strideproperty.co.nz

Stride Property Ltd is a real estate company that owns and manages investment properties in New Zealand. Most of the properties are located in Auckland, followed by Wellington, Northern Regional, and South Island. Stride's portfolio consists of commercial office, retail, and industrial property, as well as land. Retail properties deliver the majority of contract rental revenue, followed by office and industrial properties. The company's major tenants include general distributors, large retailers, banks, the New Zealand government, and industrial companies.