Kimco Realty (Kimco Realty) ROCE % : 4.32% (As of Dec. 2023)

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What is Kimco Realty 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. Kimco Realty's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.32%.

Kimco Realty ROCE % Historical Data

The historical data trend for Kimco Realty'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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Kimco Realty ROCE % Chart

Kimco Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.57

10.06

6.39

1.51

5.01

Kimco Realty 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															1.22	8.13	4.04	3.66	4.32

Kimco Realty ROCE % Calculation

Kimco Realty'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 )
	=	894.115	/	( ( (17826.122 - 213.141)	+	(18274.022 - 221.545) )	/ 2 )
	=	894.115	/	( (17612.981	+	18052.477)	/ 2 )
	=	894.115	/	17832.729
	=	5.01 %

Kimco Realty'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 )
	=	772.312	/	( ( (17951.361 - 267.001)	+	(18274.022 - 221.545) )	/ 2 )
	=	772.312	/	( ( 17684.36	+	18052.477 )	/ 2 )
	=	772.312	/	17868.4185
	=	4.32 %

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

Kimco Realty (NYSE:KIMpK.CL.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.

Kimco Realty ROCE % Related Terms

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Kimco Realty (Kimco Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kimco Realty Corp (NYSE:KIMpK.CL.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KIMpM.PFD:USA KIMpL.PFD:USA KIM:USA KIC:Germany K1IM34:Brazil

Address

500 North Broadway, Suite 201, Jericho, NY, USA, 11753

Website

https://www.kimcorealty.com

One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 5,282 shopping centers throughout major markets in the U.S., representing roughly 77 million square feet.