Dexus Convenience Retail REIT (ASX:DXC) ROCE % : 1.10% (As of Dec. 2023)

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What is Dexus Convenience Retail 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. Dexus Convenience Retail REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.10%.

Dexus Convenience Retail REIT ROCE % Historical Data

The historical data trend for Dexus Convenience Retail 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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Dexus Convenience Retail REIT ROCE % Chart

Dexus Convenience Retail REIT Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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8.50

12.79

14.55

11.55

0.37

Dexus Convenience Retail REIT Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								12.04	10.37	2.04	-1.39	1.10

Dexus Convenience Retail REIT ROCE % Calculation

Dexus Convenience Retail REIT's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	2.99	/	( ( (873.122 - 17.993)	+	(802.863 - 21.8) )	/ 2 )
	=	2.99	/	( (855.129	+	781.063)	/ 2 )
	=	2.99	/	818.096
	=	0.37 %

Dexus Convenience Retail 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 )
	=	8.408	/	( ( (802.863 - 21.8)	+	(769.038 - 19.962) )	/ 2 )
	=	8.408	/	( ( 781.063	+	749.076 )	/ 2 )
	=	8.408	/	765.0695
	=	1.10 %

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

Dexus Convenience Retail REIT (ASX:DXC) 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.

Dexus Convenience Retail REIT ROCE % Related Terms

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Dexus Convenience Retail REIT (ASX:DXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dexus Convenience Retail REIT (ASX:DXC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

50 Bridge Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.dexus.com

Dexus Convenience Retail REIT is an Australian real estate investment trust. The company owns a portfolio of service stations and convenience retail assets located across Australia. The company derives all income from investments in properties located in Australia. The principal investment objective of the group is to invest in convenience retail properties that provide investors with a high and consistent income distribution that maintains its real value for the life of the group.