Ashford Hospitality Trust (Ashford Hospitality Trust) ROCE %

: 7.59% (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. Ashford Hospitality Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.59%.

Ashford Hospitality Trust ROCE % Historical Data

The historical data trend for Ashford Hospitality 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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Ashford Hospitality Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

2.67

-9.62

-2.91

2.38

5.29

Ashford Hospitality Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																1.40	2.17	7.30	3.92	7.59

Ashford Hospitality Trust ROCE % Calculation

Ashford Hospitality 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 )
	=	186.314	/	( ( (3917.377 - 135.694)	+	(3462.281 - 194.879) )	/ 2 )
	=	186.314	/	( (3781.683	+	3267.402)	/ 2 )
	=	186.314	/	3524.5425
	=	5.29 %

Ashford Hospitality 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 )
	=	257.396	/	( ( (3718.509 - 201.977)	+	(3462.281 - 194.879) )	/ 2 )
	=	257.396	/	( ( 3516.532	+	3267.402 )	/ 2 )
	=	257.396	/	3391.967
	=	7.59 %

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

Ashford Hospitality Trust (NYSE:AHTpD.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.

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Ashford Hospitality Trust (Ashford Hospitality Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ashford Hospitality Trust Inc (NYSE:AHTpD.PFD) » Definitions » ROCE %

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Address

14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254

Website

https://www.ahtreit.com

Ashford Hospitality Trust Inc. is a real estate investment trust that invests in full-service upscale and upper-upscale hotel properties in the U.S. The company owns and operates its assets through its operating partnership, Ashford Hospitality Limited Partnership. All of its hotels are located across the U.S. and operate under the Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton brands. Ashford's sole segment is Direct Hotel Investments, through which it owns hotels by acquisition or development. Ashford also provides rest estate investment services, such as mezzanine financing, first mortgage financing, and sales-leaseback transactions. Its revenue streams include Room revenue, Food and beverage revenue, and Other revenue. Room revenue accounts for the majority of total revenue.