Saul Centers (FRA:SA4) ROCE %

: 7.21% (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. Saul Centers's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.21%.

Saul Centers ROCE % Historical Data

The historical data trend for Saul Centers'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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Saul Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.29

6.12

7.05

6.92

7.06

Saul Centers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.44	7.26	7.28	7.22	7.21

Saul Centers ROCE % Calculation

Saul Centers'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 )
	=	106.577	/	( ( (1730.637 - 214.639)	+	(1828.624 - 325.236) )	/ 2 )
	=	106.577	/	( (1515.998	+	1503.388)	/ 2 )
	=	106.577	/	1509.693
	=	7.06 %

Saul Centers'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 )
	=	108.488	/	( ( (1837.385 - 333.384)	+	(1828.624 - 325.236) )	/ 2 )
	=	108.488	/	( ( 1504.001	+	1503.388 )	/ 2 )
	=	108.488	/	1503.6945
	=	7.21 %

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

Saul Centers (FRA:SA4) 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.

Saul Centers ROCE % Related Terms

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Saul Centers (FRA:SA4) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Saul Centers Inc (FRA:SA4) » Definitions » ROCE %

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Address

7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522

Website

https://www.saulcenters.com

Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.

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