Charter Hall Long WALE REIT (ASX:CLW) ROCE %

: -7.24% (As of Dec. 2023)

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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. Charter Hall Long WALE REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.24%.

Charter Hall Long WALE REIT ROCE % Historical Data

The historical data trend for Charter Hall Long WALE 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.

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Charter Hall Long WALE REIT Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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5.52

5.87

16.69

17.16

-2.06

Charter Hall Long WALE REIT Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										22.51	10.93	5.27	-9.46	-7.24

Charter Hall Long WALE REIT ROCE % Calculation

Charter Hall Long WALE REIT'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 )
	=	-128.617	/	( ( (6482.033 - 86.054)	+	(6203.453 - 90.673) )	/ 2 )
	=	-128.617	/	( (6395.979	+	6112.78)	/ 2 )
	=	-128.617	/	6254.3795
	=	-2.06 %

Charter Hall Long WALE REIT'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 )
	=	-432.834	/	( ( (6203.453 - 90.673)	+	(5931.777 - 91.182) )	/ 2 )
	=	-432.834	/	( ( 6112.78	+	5840.595 )	/ 2 )
	=	-432.834	/	5976.6875
	=	-7.24 %

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

Charter Hall Long WALE REIT (ASX:CLW) 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.

Charter Hall Long WALE REIT ROCE % Related Terms

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Charter Hall Long WALE REIT (ASX:CLW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Long WALE REIT (ASX:CLW) » Definitions » ROCE %

Comparable Companies

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CHLWF:USA

Address

No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000

Website

https://www.charterhall.com.au

Charter Hall Long Wale REIT is a diversified property trust, with assets in Australia and New Zealand. Occupancy is near 100%, and weighted average lease length is a long 11.2 years (as at June 30, 2023). More than half the REIT's leases are triple-net, where tenants pay rates, maintenance and most outgoings. The REIT's about AUD 7 billion portfolio of 550 properties spans offices, industrial, retail, social infrastructure, and agricultural logistics assets, with about 79% of the portfolio on Australia's eastern seaboard. Leases are evenly spread between CPI-linked (7.2% average rent increase expected in 2023) and fixed uplifts (average 3.1% uplift expected). The tenant profile is strong, with almost all occupiers being government, multinational or national businesses.