AIMS APAC REIT (SGX:O5RU) ROC % : 0.00% (As of Sep. 2023)

View and export this data going back to 2007. Start your Free Trial

What is AIMS APAC REIT ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. AIMS APAC REIT's annualized return on capital (ROC %) for the quarter that ended in Sep. 2023 was 0.00%.

As of today (2024-05-27), AIMS APAC REIT's WACC % is 1.97%. AIMS APAC REIT's ROC % is 0.00% (calculated using TTM income statement data). AIMS APAC REIT earns returns that do not match up to its cost of capital. It will destroy value as it grows.

AIMS APAC REIT ROC % Historical Data

The historical data trend for AIMS APAC REIT's ROC % 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.

AIMS APAC REIT ROC % Chart

AIMS APAC REIT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROC %

Get a 7-Day Free Trial

4.11

4.35

3.53

3.59

4.31

AIMS APAC REIT Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Sep22	Mar23	Sep23
ROC %	Get a 7-Day Free Trial															4.08	-	-	-	-

AIMS APAC REIT ROC % Calculation

AIMS APAC REIT's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2023 is calculated as:

	ROC % (A: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2022 )	+	Invested Capital (A: Mar. 2023 ))	/ count )
=	100.261 * ( 1 - -1.56% )	/	( (2414.595	+	2307.919)	/ 2 )
=	101.8250716	/	2361.257
=	4.31 %

where

	Invested Capital		(A: Mar. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2403.661	-	39.767	-	( 21.395	-	max(0, 80.942	-	30.241	+	21.395	))
=	2414.595

	Invested Capital		(A: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2336.422	-	37.598	-	( 13.223	-	max(0, 43.202	-	34.107	+	13.223	))
=	2307.919

AIMS APAC REIT's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	0 * ( 1 - 0% )	/	( (2307.919	+	2346.032)	/ 2 )
=	0	/	2326.9755
=	0.00 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2336.422	-	37.598	-	( 13.223	-	max(0, 43.202	-	34.107	+	13.223	))
=	2307.919

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2348.616	-	40.533	-	( 17.3	-	max(0, 64.422	-	26.473	+	17.3	))
=	2346.032

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

AIMS APAC REIT (SGX:O5RU) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, AIMS APAC REIT's WACC % is 1.97%. AIMS APAC REIT's ROC % is 0.00% (calculated using TTM income statement data). AIMS APAC REIT earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

AIMS APAC REIT ROC % Related Terms

Thank you for viewing the detailed overview of AIMS APAC REIT's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

AIMS APAC REIT (SGX:O5RU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AIMS APAC REIT (SGX:O5RU) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Raffles Place No. 39-03, One Raffles Place, Singapore, SGP, 048616

Website

https://www.aimsapacreit.com

AIMS APAC REIT operates as a real estate investment trust. It invests in a portfolio of the income-producing real estate located throughout the Asia-Pacific region that is used for industrial purposes, including, but not limited to, warehousing and distribution activities, business park activities, and manufacturing activities. It operates through the Singapore and Australia geographical segments out of which Singapore accounts for majority revenue.

AIMS APAC REIT (SGX:O5RU) Headlines

No Headlines