Invitation Homes (FRA:4IV) ROCE % : 4.91% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Invitation Homes 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. Invitation Homes's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.91%.

Invitation Homes ROCE % Historical Data

The historical data trend for Invitation Homes'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.

* Premium members only.

Invitation Homes ROCE % Chart

Invitation Homes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

2.97

3.05

3.40

3.88

4.51

Invitation Homes 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															4.32	4.72	4.72	4.57	4.91

Invitation Homes ROCE % Calculation

Invitation Homes'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 )
	=	783.563	/	( ( (17498.652 - 187.311)	+	(17625.627 - 183.941) )	/ 2 )
	=	783.563	/	( (17311.341	+	17441.686)	/ 2 )
	=	783.563	/	17376.5135
	=	4.51 %

Invitation Homes'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 )
	=	856.084	/	( ( (17625.627 - 183.941)	+	(17673.143 - 221.295) )	/ 2 )
	=	856.084	/	( ( 17441.686	+	17451.848 )	/ 2 )
	=	856.084	/	17446.767
	=	4.91 %

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

Invitation Homes (FRA:4IV) 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.

Invitation Homes ROCE % Related Terms

Thank you for viewing the detailed overview of Invitation Homes's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Invitation Homes (FRA:4IV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Invitation Homes Inc (FRA:4IV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

INVH:USA INVH:Mexico

Address

1717 Main Street, Suite 2000, Dallas, TX, USA, 75201

Website

https://www.invitationhomes.com

Invitation Homes owns a portfolio of nearly 83,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $300,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with over 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs.

Invitation Homes (FRA:4IV) Headlines

No Headlines