First Real Estate Investment Trust (SGX:AOE) ROCE % : 10.14% (As of Dec. 2023)

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What is First 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. First Real Estate Investment Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.14%.

First Real Estate Investment Trust ROCE % Historical Data

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

First Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.95

-31.74

10.29

6.29

8.20

First Real Estate Investment Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.41	7.08	5.79	6.12	10.14

First Real Estate Investment Trust ROCE % Calculation

First Real Estate Investment Trust'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 )
	=	96.239	/	( ( (1198.625 - 21.191)	+	(1187.331 - 17.691) )	/ 2 )
	=	96.239	/	( (1177.434	+	1169.64)	/ 2 )
	=	96.239	/	1173.537
	=	8.20 %

First Real Estate Investment Trust'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	119.872	/	( ( (1214.842 - 19.627)	+	(1187.331 - 17.691) )	/ 2 )
	=	119.872	/	( ( 1195.215	+	1169.64 )	/ 2 )
	=	119.872	/	1182.4275
	=	10.14 %

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

First Real Estate Investment Trust (SGX:AOE) 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.

First Real Estate Investment Trust ROCE % Related Terms

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First Real Estate Investment Trust (SGX:AOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » First Real Estate Investment Trust (SGX:AOE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FESNF:USA AW9U:Singapore F1T:Germany

Address

333 Orchard Road, No. 33-02, Singapore, SGP, 238867

Website

https://www.first-reit.com

First Real Estate Investment Trust is a healthcare REIT that operates acquires, develops, and holds properties such as hospitals, hotels, and residential properties. The company is focused on building a diverse portfolio of yield-accretive properties. The vast majority of the company's revenue is generated in Indonesia, followed by Singapore. The company considers merger and acquisition investment as a component of its operational growth strategy.

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