AME REIT (XKLS:5307) ROCE % : 7.70% (As of Dec. 2023)

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What is AME 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. AME REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.70%.

AME REIT ROCE % Historical Data

The historical data trend for AME 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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AME REIT ROCE % Chart

AME REIT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

9.92

AME REIT Quarterly Data
	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				6.73	33.86	6.62	6.68	7.70

AME REIT ROCE % Calculation

AME REIT's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	57.285	/	( ( (0 - 0)	+	(655.523 - 77.804) )	/ 1 )
	=	57.285	/	( (0	+	577.719)	/ 1 )
	=	57.285	/	577.719
	=	9.92 %

AME REIT's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	44.792	/	( ( (658.359 - 78.376)	+	(692.134 - 109.273) )	/ 2 )
	=	44.792	/	( ( 579.983	+	582.861 )	/ 2 )
	=	44.792	/	581.422
	=	7.70 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

AME REIT (XKLS:5307) 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.

AME REIT ROCE % Related Terms

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AME REIT (XKLS:5307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AME REIT (XKLS:5307) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan I-Park SAC 1/1, Taman Perindustrian I-Park SAC, Senai, JHR, MYS, 81400

Website

https://www.amereit.com.my

AME REIT is engaged in investing directly and indirectly in a Shariah compliant portfolio of income income producing Real Estate used primarily for industrial and industrial-related purposes in Malaysia and overseas. The company's portfolio consists of 34 subject properties with 31 industrial properties and around 3 industrial related properties known as Dormitories which are freehold properties.

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