Mapletree Logistics Trust (SGX:M44U) ROCE % : 3.72% (As of Dec. 2023)

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What is Mapletree Logistics 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. Mapletree Logistics Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.72%.

Mapletree Logistics Trust ROCE % Historical Data

The historical data trend for Mapletree Logistics 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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Mapletree Logistics Trust ROCE % Chart

Mapletree Logistics Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.98

6.38

6.69

9.29

6.16

Mapletree Logistics 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															4.15	11.80	4.23	4.94	3.72

Mapletree Logistics Trust ROCE % Calculation

Mapletree Logistics Trust's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	785.956	/	( ( (13689.84 - 903.322)	+	(13423.195 - 709.821) )	/ 2 )
	=	785.956	/	( (12786.518	+	12713.374)	/ 2 )
	=	785.956	/	12749.946
	=	6.16 %

Mapletree Logistics 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 )
	=	488.612	/	( ( (14031.983 - 893.81)	+	(13903.92 - 801.343) )	/ 2 )
	=	488.612	/	( ( 13138.173	+	13102.577 )	/ 2 )
	=	488.612	/	13120.375
	=	3.72 %

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

Mapletree Logistics Trust (SGX:M44U) 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.

Mapletree Logistics Trust ROCE % Related Terms

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Mapletree Logistics Trust (SGX:M44U) Business Description

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MAPGF:USA

Address

10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438

Website

https://www.mapletreelogisticstrust.com

Mapletree Logistics Trust is a real estate investment trust focusing on logistics properties. As of March 31, 2023, the trust had a SGD 12.8 billion portfolio of 185 properties, spread across Singapore, Hong Kong, Japan, China, South Korea, Australia, Malaysia, Vietnam, and India. The trust is externally managed by Mapletree Logistics Trust Management Ltd, a subsidiary of Mapletree Investments Pte Ltd, which owns around a 32% stake in the trust.

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