Agree Realty (STU:AGL) ROCE % : 3.68% (As of Mar. 2024)

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What is Agree Realty 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. Agree Realty's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.68%.

Agree Realty ROCE % Historical Data

The historical data trend for Agree Realty'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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Agree Realty ROCE % Chart

Agree Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.53

4.02

4.06

3.84

3.52

Agree Realty 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															3.58	3.50	3.47	3.61	3.68

Agree Realty ROCE % Calculation

Agree Realty'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 )
	=	233.446	/	( ( (6337.25 - 100.127)	+	(7129.525 - 116.399) )	/ 2 )
	=	233.446	/	( (6237.123	+	7013.126)	/ 2 )
	=	233.446	/	6625.1245
	=	3.52 %

Agree Realty'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 )
	=	259.86	/	( ( (7129.525 - 116.399)	+	(7239.172 - 126.91) )	/ 2 )
	=	259.86	/	( ( 7013.126	+	7112.262 )	/ 2 )
	=	259.86	/	7062.694
	=	3.68 %

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

Agree Realty (STU:AGL) 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.

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Agree Realty (STU:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Agree Realty Corp (STU:AGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ADCPRA.PFD:USA ADC:USA ADC:Mexico

Address

70 East Long Lake Road, Bloomfield Hills, MI, USA, 48304

Website

https://www.agreerealty.com

Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.