Industrials REIT (JSE:MLI) ROCE % : -5.39% (As of Sep. 2022)

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What is Industrials REIT 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. Industrials REIT's annualized ROCE % for the quarter that ended in Sep. 2022 was -5.39%.

Industrials REIT ROCE % Historical Data

The historical data trend for Industrials 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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Industrials REIT ROCE % Chart

Industrials REIT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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9.33

6.16

4.49

7.33

16.74

Industrials REIT Semi-Annual Data
	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
ROCE %	Get a 7-Day Free Trial													5.52	9.09	14.15	20.56	-5.39

Industrials REIT ROCE % Calculation

Industrials REIT's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	2202.205	/	( ( (13307.191 - 792.735)	+	(14231.205 - 440.871) )	/ 2 )
	=	2202.205	/	( (12514.456	+	13790.334)	/ 2 )
	=	2202.205	/	13152.395
	=	16.74 %

Industrials REIT's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	-732.632	/	( ( (14231.205 - 440.871)	+	(13952.442 - 544.949) )	/ 2 )
	=	-732.632	/	( ( 13790.334	+	13407.493 )	/ 2 )
	=	-732.632	/	13598.9135
	=	-5.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2022) EBIT data.

Industrials REIT (JSE:MLI) 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.

Industrials REIT ROCE % Related Terms

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Industrials REIT (JSE:MLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Industrials REIT Ltd (JSE:MLI) » Definitions » ROCE %

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Address

180 Great Portland Street, 3rd Floor, London, GBR, W1W 5QZ

Website

https://stenprop.com

Industrials REIT Ltd specializes in the ownership and operation of UK multi-let industrial (MLI) property. Its purpose is to revolutionize the MLI sector in the UK for the benefit of stakeholders.