Bhiraj Office Leasehold REIT (BKK:BOFFICE) ROCE % : 6.50% (As of Mar. 2024)

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What is Bhiraj Office Leasehold 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. Bhiraj Office Leasehold REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.50%.

Bhiraj Office Leasehold REIT ROCE % Historical Data

The historical data trend for Bhiraj Office Leasehold 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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Bhiraj Office Leasehold REIT ROCE % Chart

Bhiraj Office Leasehold REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.43

6.19

1.77

4.99

4.82

Bhiraj Office Leasehold REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.80	-0.45	6.36	5.07	6.50

Bhiraj Office Leasehold REIT ROCE % Calculation

Bhiraj Office Leasehold 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 )
	=	460.891	/	( ( (10081.475 - 343.782)	+	(9730.334 - 329.312) )	/ 2 )
	=	460.891	/	( (9737.693	+	9401.022)	/ 2 )
	=	460.891	/	9569.3575
	=	4.82 %

Bhiraj Office Leasehold REIT's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	611.452	/	( ( (9730.334 - 329.312)	+	(9758.973 - 349.387) )	/ 2 )
	=	611.452	/	( ( 9401.022	+	9409.586 )	/ 2 )
	=	611.452	/	9405.304
	=	6.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Bhiraj Office Leasehold REIT (BKK:BOFFICE) 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.

Bhiraj Office Leasehold REIT ROCE % Related Terms

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Bhiraj Office Leasehold REIT (BKK:BOFFICE) Business Description

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Address

Sukhumvit Road, 591 United Business Center II Building, 7th Floor, Khlong Tan Nuea, Wattana, Bangkok, THA, 10110

Website

https://www.bofficereit.com

Bhiraj Office Leasehold REIT is a closed-end real estate investment trust. The company invests in long-term leasehold rights in the office building area. Its objectives are to mobilize funds raised from the selling of trust units and the loan from the financial institution to invest in the leasehold right of Bhiraj Tower at EmQuartier project which comprises most of the office rental areas in Bhiraj Tower at EmQuartier and the associated operation areas. It operates in one segment namely lease of property investment in Thailand.

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