UDR (BSP:U1DR34) ROCE %

: 3.15% (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. UDR's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.15%.

UDR ROCE % Historical Data

The historical data trend for UDR'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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UDR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

4.70

3.38

3.79

2.41

6.11

UDR Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																3.51	3.00	15.64	3.21	3.15

UDR ROCE % Calculation

UDR'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 )
	=	3221.423	/	( ( (57901.191 - 3943.486)	+	(55726.611 - 4159.558) )	/ 2 )
	=	3221.423	/	( (53957.705	+	51567.053)	/ 2 )
	=	3221.423	/	52762.379
	=	6.11 %

UDR'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1634.592	/	( ( (56400.26 - 4093.372)	+	(55726.611 - 4159.558) )	/ 2 )
	=	1634.592	/	( ( 52306.888	+	51567.053 )	/ 2 )
	=	1634.592	/	51936.9705
	=	3.15 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

UDR (BSP:U1DR34) 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.

UDR ROCE % Related Terms

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UDR (BSP:U1DR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UDR Inc (BSP:U1DR34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UDR:USA

Address

1745 Shea Center Drive, Suite 200, Highlands Ranch, CO, USA, 80129

Website

https://www.udr.com

UDR is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized prior to January 1, 2021, and held as of December 31, 2022, and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. The company generates key revenue from Same-Store Communities.

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