CubeSmart (CubeSmart) ROCE % : 9.29% (As of Dec. 2023)

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What is CubeSmart 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. CubeSmart's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.29%.

CubeSmart ROCE % Historical Data

The historical data trend for CubeSmart'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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CubeSmart ROCE % Chart

CubeSmart Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.83

5.94

6.48

8.60

CubeSmart Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.15	8.25	8.30	8.64	9.29

CubeSmart ROCE % Calculation

CubeSmart'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 )
	=	505.5	/	( ( (6325.83 - 427.004)	+	(6225.02 - 373.822) )	/ 2 )
	=	505.5	/	( (5898.826	+	5851.198)	/ 2 )
	=	505.5	/	5875.012
	=	8.60 %

CubeSmart'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	543.052	/	( ( (6233.225 - 388.7)	+	(6225.02 - 373.822) )	/ 2 )
	=	543.052	/	( ( 5844.525	+	5851.198 )	/ 2 )
	=	543.052	/	5847.8615
	=	9.29 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CubeSmart (NYSE:CUBE) 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.

CubeSmart ROCE % Related Terms

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CubeSmart (CubeSmart) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CubeSmart (NYSE:CUBE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UK8:Germany UK8:Germany

Address

5 Old Lancaster Road, Malvern, PA, USA, 19355

Website

https://www.cubesmart.com

CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.

Executives

Christopher P Marr	officer: Chief Financial Officer	460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Jeffrey P Foster	officer: Sr. VP - Chief Legal Officer	460 EAST SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Timothy M Martin	officer: SVP & Chief Accounting Officer	460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Matthew D Denarie	officer: Chief Accounting Officer	5 OLD LANCASTER ROAD, MALVERN PA 19355
Jennifer Schulte	officer: Chief Human Resources Officer	5 OLD LANCASTER ROAD, MALVERN PA 19355
Jit Kee Chin	director	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jair K Lynch	director	5 OLD LANCASTER RD, MALVERN PA 19355
Joel D Keaton	officer: Sr VP of Operations	5 OLD LANCASTER ROAD, MALVERN PA 19355
Marianne M Keler	director	12061 BLUEMONT WAY, RESTON VA 20190
Jonathan L Perry	officer: SVP and CIO	5 OLD LANCASTER ROAD, MALVERN PA 19355
Dororthy Dowling	director	5 OLD LANCASTER ROAD, MALVERN PA 19355
Diefenderfer William M Iii	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
Dean Jernigan	director, officer: CEO and President	C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Deborah Ratnersalzberg	director	301 WATER ST SE SUITE 201, WASHINGTON DC 20003
John W Fain	director	1000 SEMMES AVE, RICHMOND VA 23224