Gladstone Commercial (Gladstone Commercial) ROCE % : 5.22% (As of Mar. 2024)

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What is Gladstone Commercial 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. Gladstone Commercial's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.22%.

Gladstone Commercial ROCE % Historical Data

The historical data trend for Gladstone Commercial'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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Gladstone Commercial ROCE % Chart

Gladstone Commercial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.14

4.23

3.62

3.93

3.95

Gladstone Commercial 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															4.29	1.63	4.38	5.45	5.22

Gladstone Commercial ROCE % Calculation

Gladstone Commercial'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 )
	=	42.252	/	( ( (1202.633 - 76.209)	+	(1133.471 - 121.894) )	/ 2 )
	=	42.252	/	( (1126.424	+	1011.577)	/ 2 )
	=	42.252	/	1069.0005
	=	3.95 %

Gladstone Commercial'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 )
	=	52.092	/	( ( (1133.471 - 121.894)	+	(1105.157 - 121.355) )	/ 2 )
	=	52.092	/	( ( 1011.577	+	983.802 )	/ 2 )
	=	52.092	/	997.6895
	=	5.22 %

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

Gladstone Commercial (NAS:GOODP.PFD) 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.

Gladstone Commercial ROCE % Related Terms

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Gladstone Commercial (Gladstone Commercial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Commercial Corp (NAS:GOODP.PFD) » Definitions » ROCE %

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GOODN.PFD:USA GOOD:USA GLE:Germany

Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonecommercial.com

Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial, and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.