Nova Net Lease REIT (XCNQ:NNL.U) ROCE % : -61.64% (As of Mar. 2024)

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What is Nova Net Lease 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. Nova Net Lease REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was -61.64%.

Nova Net Lease REIT ROCE % Historical Data

The historical data trend for Nova Net Lease 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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Nova Net Lease REIT ROCE % Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

69.54

12.57

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						0.82	-22.76	76.97	-0.36	-61.64

Nova Net Lease REIT ROCE % Calculation

Nova Net Lease 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 )
	=	1.737	/	( ( (12.688 - 0.358)	+	(15.995 - 0.685) )	/ 2 )
	=	1.737	/	( (12.33	+	15.31)	/ 2 )
	=	1.737	/	13.82
	=	12.57 %

Nova Net Lease 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 )
	=	-8.624	/	( ( (15.995 - 0.685)	+	(15.888 - 3.217) )	/ 2 )
	=	-8.624	/	( ( 15.31	+	12.671 )	/ 2 )
	=	-8.624	/	13.9905
	=	-61.64 %

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

Nova Net Lease REIT (XCNQ:NNL.U) 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.

Nova Net Lease REIT ROCE % Related Terms

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Nova Net Lease REIT (XCNQ:NNL.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (XCNQ:NNL.U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NNLRF:USA

Address

200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2

Website

https://www.novanetleasereit.com

Nova Net Lease REIT is a real estate investment trust established to acquire specialized industrial and retail properties leased to experienced, licensed operators in the legal U.S. cannabis industry. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to a 15-year term and strives to negotiate annual rental rate increases in the leases.

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