Farmland Partners (FRA:0FA) ROCE % : 2.59% (As of Mar. 2024)

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What is Farmland Partners 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. Farmland Partners's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.59%.

Farmland Partners ROCE % Historical Data

The historical data trend for Farmland Partners'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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Farmland Partners ROCE % Chart

Farmland Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.14

2.22

2.49

2.60

5.00

Farmland Partners 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															2.33	4.89	3.87	9.07	2.59

Farmland Partners ROCE % Calculation

Farmland Partners'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 )
	=	49.676	/	( ( (1095.181 - 17.686)	+	(937.176 - 27.449) )	/ 2 )
	=	49.676	/	( (1077.495	+	909.727)	/ 2 )
	=	49.676	/	993.611
	=	5.00 %

Farmland Partners'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 )
	=	23.784	/	( ( (937.176 - 27.449)	+	(948.588 - 21.538) )	/ 2 )
	=	23.784	/	( ( 909.727	+	927.05 )	/ 2 )
	=	23.784	/	918.3885
	=	2.59 %

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

Farmland Partners (FRA:0FA) 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.

Farmland Partners ROCE % Related Terms

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Farmland Partners (FRA:0FA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Farmland Partners Inc (FRA:0FA) » Definitions » ROCE %

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Traded in Other Exchanges

FPI:USA 0FA:Germany

Address

4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237

Website

http://www.farmlandpartners.com

Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.

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