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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. Terreno Realty's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.06%.
The historical data trend for Terreno Realty'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.
Terreno Realty Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 3.80 | 4.63 | 4.26 | 7.47 | 5.12 |
Terreno Realty Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | 3.73 | 5.25 | 4.03 | 6.81 | 4.06 |
Terreno Realty'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 ) | |||||
= | 176.253 | / | ( ( (3164.441 - 80.445) | + | (3904.677 - 100.835) ) | / 2 ) | |
= | 176.253 | / | ( (3083.996 | + | 3803.842) | / 2 ) | |
= | 176.253 | / | 3443.919 | ||||
= | 5.12 % |
Terreno Realty'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: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 165.196 | / | ( ( (3904.677 - 100.835) | + | (4438.799 - 107.365) ) | / 2 ) | |
= | 165.196 | / | ( ( 3803.842 | + | 4331.434 ) | / 2 ) | |
= | 165.196 | / | 4067.638 | ||||
= | 4.06 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Terreno Realty (NYSE:TRNO) 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.
Thank you for viewing the detailed overview of Terreno Realty's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Melinda Weston | officer: Chief Accounting Officer | TERRENO REALTY CORPORATION, 10500 NE 8TH STREET, SUITE 301, BELLEVUE WA 98004 |
Leroy E Carlson | director | 79840 CITRUS STREET, LAQUINTA CA 92253 |
Michael A Coke | director, officer: PRESIDENT | TERRENO REALTY CORPORATION, 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104 |
Irene H Oh | director | 135 N LOS ROBLES AVE. 7TH FL, PASADENA CA 91101 |
Gary N Boston | director | 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122 |
Douglas M Pasquale | director | 245 FICHER AVE STE D-1, COSTA MESA CA 92626 |
W Blake Baird | director, officer: CHAIRMAN AND CEO | 1411 SAND ISLAND PARKWAY, HONOLULU HI 96819 |
Linda Assante | director | C/O TERRENO REALTY CORP., 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104 |
David M Lee | director | 101 MONTGOMERY STREET, SAN FRANCISCO CA 94104 |
Gabriela Franco Parcella | director | 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104 |
Dennis Polk | director | 44201 NOBEL DRIVE, FREMONT CA 94538 |
Peter J Merlone | director | 2840 DIVISADERO, SAN FRANCISCO CA 94123 |
John Tull Meyer | officer: EVP | 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104 |
Jaime Jackson Cannon | officer: CFO | 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104 |
Andrew Thomas Burke | officer: EVP | 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104 |
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