CapitaLand Ascendas REIT (SGX:A17U) ROCE % : -1.04% (As of Dec. 2023)

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What is CapitaLand Ascendas REIT 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. CapitaLand Ascendas REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.04%.

CapitaLand Ascendas REIT ROCE % Historical Data

The historical data trend for CapitaLand Ascendas REIT'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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CapitaLand Ascendas REIT ROCE % Chart

CapitaLand Ascendas REIT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.46

5.26

7.96

6.32

2.54

CapitaLand Ascendas REIT Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.61	6.27	6.13	6.11	-1.04

CapitaLand Ascendas REIT ROCE % Calculation

CapitaLand Ascendas REIT'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 )
	=	422.563	/	( ( (17875.989 - 1301.852)	+	(18269.781 - 1603.21) )	/ 2 )
	=	422.563	/	( (16574.137	+	16666.571)	/ 2 )
	=	422.563	/	16620.354
	=	2.54 %

CapitaLand Ascendas REIT'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-174.21	/	( ( (18402.7 - 1545.204)	+	(18269.781 - 1603.21) )	/ 2 )
	=	-174.21	/	( ( 16857.496	+	16666.571 )	/ 2 )
	=	-174.21	/	16762.0335
	=	-1.04 %

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

CapitaLand Ascendas REIT (SGX:A17U) 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.

CapitaLand Ascendas REIT ROCE % Related Terms

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CapitaLand Ascendas REIT (SGX:A17U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CapitaLand Ascendas REIT (SGX:A17U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ACDSF:USA S3Z:Germany

Address

168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912

Website

https://www.capitaland-ascendasreit.com

CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2022, it held a SGD 16.4 billion portfolio of 220 properties across Singapore, Australia, Europe, and the U.S. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns an 18% stake in the trust.

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