CapitaLand Ascott Trust (SGX:HMN) ROCE % : 7.64% (As of Dec. 2023)

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What is CapitaLand Ascott 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. CapitaLand Ascott Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.64%.

CapitaLand Ascott Trust ROCE % Historical Data

The historical data trend for CapitaLand Ascott 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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CapitaLand Ascott Trust ROCE % Chart

CapitaLand Ascott Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.36

-3.03

6.48

4.88

5.65

CapitaLand Ascott 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															5.97	2.54	7.29	3.95	7.64

CapitaLand Ascott Trust ROCE % Calculation

CapitaLand Ascott 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 )
	=	427.982	/	( ( (8023.693 - 671.296)	+	(8730.825 - 941.013) )	/ 2 )
	=	427.982	/	( (7352.397	+	7789.812)	/ 2 )
	=	427.982	/	7571.1045
	=	5.65 %

CapitaLand Ascott 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 )
	=	569.688	/	( ( (8105.202 - 972.418)	+	(8730.825 - 941.013) )	/ 2 )
	=	569.688	/	( ( 7132.784	+	7789.812 )	/ 2 )
	=	569.688	/	7461.298
	=	7.64 %

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

CapitaLand Ascott Trust (SGX:HMN) 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.

CapitaLand Ascott Trust ROCE % Related Terms

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CapitaLand Ascott Trust (SGX:HMN) Business Description

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ATTRF:USA

Address

168 Robinson Road, No. 30-01, Capital Tower, Singapore, SGP, 068912

Website

https://www.capitalandascotttrust.com

CapitaLand Ascott Trust, or CLAS, is a hospitality trust focusing on serviced residences, hotels, rental housing and student accommodation. As of Dec. 31, 2022, the trust has a SGD 8.0 billion portfolio, consisting of 105 properties with more than 18,000 units in 47 cities across 15 countries globally. Its main markets include the United States, France, Japan, Singapore, the United Kingdom, Vietnam, China and Australia. The trust is a stapled unit comprising CapitaLand Ascott REIT, which is managed by manager CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust, which is managed by trustee-manager CapitaLand Ascott Business Trust Management Pte. Ltd. Sponsor CapitaLand Investments Limited, owns around a 39% stake in CLAS.