US Student Housing REIT (ASX:USQ) ROCE % : -2.57% (As of Dec. 2022)

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What is US Student Housing 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. US Student Housing REIT's annualized ROCE % for the quarter that ended in Dec. 2022 was -2.57%.

US Student Housing REIT ROCE % Historical Data

The historical data trend for US Student Housing 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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US Student Housing REIT ROCE % Chart

US Student Housing REIT Annual Data

Trend

Jun22

Jun23

ROCE %

-7.31

-2.75

US Student Housing REIT Semi-Annual Data
	Jun22	Dec22	Jun23
ROCE %	-	-2.57	-2.79

US Student Housing REIT ROCE % Calculation

US Student Housing 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 )
	=	-2.309	/	( ( (80.677 - 0.104)	+	(87.654 - 0.159) )	/ 2 )
	=	-2.309	/	( (80.573	+	87.495)	/ 2 )
	=	-2.309	/	84.034
	=	-2.75 %

US Student Housing REIT's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-2.16	/	( ( (80.677 - 0.104)	+	(87.683 - 0.113) )	/ 2 )
	=	-2.16	/	( ( 80.573	+	87.57 )	/ 2 )
	=	-2.16	/	84.0715
	=	-2.57 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

US Student Housing REIT (ASX:USQ) 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.

US Student Housing REIT ROCE % Related Terms

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US Student Housing REIT (ASX:USQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » US Student Housing REIT (ASX:USQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

575 Bourke Street, Level 1, Melbourne, VIC, AUS, 3000

Website

https://www.usq-reit.com

US Student Housing REIT is a real estate investment trust established to acquire and manage student housing assets located within the proximity of top-tier public universities across the United States. The REIT is focused on seeking to achieve long-term returns through a combination of income through rental yields along with potential long-term capital growth. The REIT is organized into one main operating segment, which invests in US student housing assets.

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