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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. Apartmentome REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.19%.
The historical data trend for Apartmentome REIT'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.
Apartmentome REIT Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 11.03 | 2.31 | 11.15 | 19.54 | 14.30 |
Apartmentome REIT 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 | 1.83 | 2.75 | 51.21 | 1.21 | 2.19 |
Apartmentome REIT'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 ) | |||||
= | 821.368 | / | ( ( (6551.883 - 846.614) | + | (6134.752 - 349.679) ) | / 2 ) | |
= | 821.368 | / | ( (5705.269 | + | 5785.073) | / 2 ) | |
= | 821.368 | / | 5745.171 | ||||
= | 14.30 % |
Apartmentome REIT'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 ) | |||||
= | 125.292 | / | ( ( (6134.752 - 349.679) | + | (6198.306 - 563.442) ) | / 2 ) | |
= | 125.292 | / | ( ( 5785.073 | + | 5634.864 ) | / 2 ) | |
= | 125.292 | / | 5709.9685 | ||||
= | 2.19 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Apartmentome REIT (NYSE:AIRC) 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.
Thank you for viewing the detailed overview of Apartmentome REIT's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Molly Syke | officer: VP & Chief Accounting Officer | 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237 |
Devin Ignatius Murphy | director | 104 MAIN STREET, SOUTHPORT CT 06890 |
John D Rayis | director | 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237 |
Keith M Kimmel | officer: President, Property Operations | 4582 S ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237 |
Joshua Minix | officer: Executive Vice President | 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237 |
Matthew O'grady | officer: SVP | 4582 SOUTH ULSTER STREET, SUITE 1700, SUITE 1700, DENVER CO 80237 |
Paul Beldin | officer: EVP & CFO | 4582 S. ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237 |
Thomas N Bohjalian | director | C/O APARTMENT INCOME REIT CORP., 4582 S. ULSTER STREET, SUITE 1700, DENVER CO 80237 |
Ann Sperling | director | 4582 S. ULSTER STREET, SUITE 1100, DENVER CO 80237 |
Thomas L. Keltner | director | P.O. BOX 2030, SILVERTHORNE CO 80498 |
Nina A Tran | director | C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111 |
Lisa R Cohn | officer: President & General Counsel | 4582 S. ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237 |
Terry Considine | director, officer: CEO | 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237 |
Hernandez Margarita Palau | director | 300 N. SAN RAFAEL AVE., PASADENA CA 91105 |
Kristin R. Finney-cooke | director | 4582 SOUTH ULSTER STREET, SUITE 1700, DENVER CO 80237 |
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