Advance Terrafund REIT (XBUL:ATER) ROCE % : 3.13% (As of Mar. 2024)

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What is Advance Terrafund 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. Advance Terrafund REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.13%.

Advance Terrafund REIT ROCE % Historical Data

The historical data trend for Advance Terrafund 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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Advance Terrafund REIT ROCE % Chart

Advance Terrafund REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.42

3.08

21.60

35.73

3.11

Advance Terrafund 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															27.32	-27.37	1.25	11.16	3.13

Advance Terrafund REIT ROCE % Calculation

Advance Terrafund 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 )
	=	10.048	/	( ( (353.899 - 26.159)	+	(338.758 - 19.832) )	/ 2 )
	=	10.048	/	( (327.74	+	318.926)	/ 2 )
	=	10.048	/	323.333
	=	3.11 %

Advance Terrafund 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 )
	=	10.024	/	( ( (338.758 - 19.832)	+	(340.723 - 19.561) )	/ 2 )
	=	10.024	/	( ( 318.926	+	321.162 )	/ 2 )
	=	10.024	/	320.044
	=	3.13 %

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

Advance Terrafund REIT (XBUL:ATER) 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.

Advance Terrafund REIT ROCE % Related Terms

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Advance Terrafund REIT (XBUL:ATER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Terrafund REIT (XBUL:ATER) » Definitions » ROCE %

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N/A

Address

1 Zlatovrah Street, Lozentets District, Sofia, BGR, 1164

Website

http://www.advanceterrafund.bg

Advance Terrafund REIT is engaged in investing in agricultural and urban lands in Bulgaria for the purpose of receiving income from leasing agricultural land to farming companies and selling urban lands to domestic and international investors.