BWP Trust (ASX:BWP) ROCE % : 4.41% (As of Dec. 2023)

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What is BWP 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. BWP Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.41%.

BWP Trust ROCE % Historical Data

The historical data trend for BWP 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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BWP Trust ROCE % Chart

BWP Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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8.62

9.49

11.23

18.46

1.84

BWP 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															27.19	10.16	8.00	-4.46	4.41

BWP Trust ROCE % Calculation

BWP Trust's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	53.412	/	( ( (3021.917 - 79.975)	+	(2960.192 - 85.839) )	/ 2 )
	=	53.412	/	( (2941.942	+	2874.353)	/ 2 )
	=	53.412	/	2908.1475
	=	1.84 %

BWP 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 )
	=	127.504	/	( ( (2960.192 - 85.839)	+	(2997.742 - 83.262) )	/ 2 )
	=	127.504	/	( ( 2874.353	+	2914.48 )	/ 2 )
	=	127.504	/	2894.4165
	=	4.41 %

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

BWP Trust (ASX:BWP) 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.

BWP Trust ROCE % Related Terms

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BWP Trust (ASX:BWP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BWP Trust (ASX:BWP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000

Website

https://www.bwptrust.com.au

BWP Trust is an Australian REIT focused on owing warehouse/bulky goods retailing properties with relatively large sites and high visibility and access to arterial roads. The portfolio of properties it owns are diversified across most Australian states and are on long-term leases to Australia's dominant home improvement chain: Bunnings Group. Bunnings is a wholly owned subsidiary of Wesfarmers. Wesfarmers is a wide-moat, top 10 ASX-listed company by market capitalisation. BWP Trust is also externally managed by a wholly owned subsidiary of Wesfarmers and Wesfarmers also owns 24% of the units in the trust.