Link Real Estate Investment Trust (HKSE:00823) ROCE % : -1.49% (As of Sep. 2023)

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What is Link Real Estate Investment Trust 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. Link Real Estate Investment Trust's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.49%.

Link Real Estate Investment Trust ROCE % Historical Data

The historical data trend for Link Real Estate Investment Trust'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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Link Real Estate Investment Trust ROCE % Chart

Link Real Estate Investment Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.34

-7.47

1.34

4.38

7.62

Link Real Estate Investment Trust Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															7.27	1.49	14.13	2.18	-1.49

Link Real Estate Investment Trust ROCE % Calculation

Link Real Estate Investment Trust'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 )
	=	17908	/	( ( (225716 - 12297)	+	(267919 - 11321) )	/ 2 )
	=	17908	/	( (213419	+	256598)	/ 2 )
	=	17908	/	235008.5
	=	7.62 %

Link Real Estate Investment Trust's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-3712	/	( ( (267919 - 11321)	+	(253689 - 12764) )	/ 2 )
	=	-3712	/	( ( 256598	+	240925 )	/ 2 )
	=	-3712	/	248761.5
	=	-1.49 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Link Real Estate Investment Trust (HKSE:00823) 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.

Link Real Estate Investment Trust ROCE % Related Terms

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Link Real Estate Investment Trust (HKSE:00823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Link Real Estate Investment Trust (HKSE:00823) » Definitions » ROCE %

Comparable Companies

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LKREF:USA L5R:Germany

Address

77 Hoi Bun Road, 20th Floor, Tower 1, The Quayside, Kowloon, Kwun Tong, Hong Kong, HKG

Website

https://www.linkreit.com

Link REIT is Asia's largest REIT, listed in 2005 to privatize retail assets held by the Hong Kong Housing Authority. It owns 154 properties and about 60,000 car park spaces. It expanded its investment mandate in 2014 to allow overseas acquisitions and has since acquired retail and office properties in China, as well as an office development project in Hong Kong. More recently, Link expanded its footprint to Sydney, Melbourne, London, and Singapore.

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