Kite Realty Group Trust (Kite Realty Group Trust) ROCE % : 2.13% (As of Dec. 2023)

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What is Kite Realty Group 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. Kite Realty Group Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.13%.

Kite Realty Group Trust ROCE % Historical Data

The historical data trend for Kite Realty Group 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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Kite Realty Group Trust ROCE % Chart

Kite Realty Group Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.11

1.33

-0.44

1.28

2.24

Kite Realty Group Trust 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															1.46	1.77	3.46	1.62	2.13

Kite Realty Group Trust ROCE % Calculation

Kite Realty Group Trust'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 )
	=	154.265	/	( ( (7341.982 - 249.849)	+	(6944.078 - 242.647) )	/ 2 )
	=	154.265	/	( (7092.133	+	6701.431)	/ 2 )
	=	154.265	/	6896.782
	=	2.24 %

Kite Realty Group 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: 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 )
	=	143.392	/	( ( (7052.497 - 281.437)	+	(6944.078 - 242.647) )	/ 2 )
	=	143.392	/	( ( 6771.06	+	6701.431 )	/ 2 )
	=	143.392	/	6736.2455
	=	2.13 %

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

Kite Realty Group Trust (NYSE:KRGPRACL.PFD) 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.

Kite Realty Group Trust ROCE % Related Terms

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Kite Realty Group Trust (Kite Realty Group Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kite Realty Group Trust (NYSE:KRGPRACL.PFD) » Definitions » ROCE %

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Traded in Other Exchanges

KRG:USA FGC1:Germany

Address

30 South Meridian Street, Suite 1100, Indianapolis, IN, USA, 46204

Website

https://www.kiterealty.com

Kite Realty Group Trust that owns mainly community shopping centers concentrated in Indiana (39% of base rent), Florida (10.9%), Maryland (6.8%), New York (6%), North Carolina (5.4%) and Texas (25.7%). At year-end 2022, Kite owned interests in 183 retail operating properties and three commercial properties, representing 8.9 million of gross leasable area. It also had eight properties under development or redevelopment.