Slate Grocery REIT (TSX:SGR.UN) ROCE % : 5.08% (As of Dec. 2023)

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What is Slate Grocery 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. Slate Grocery REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.08%.

Slate Grocery REIT ROCE % Historical Data

The historical data trend for Slate Grocery 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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Slate Grocery REIT ROCE % Chart

Slate Grocery REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.91

6.10

10.11

11.55

4.29

Slate Grocery REIT 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															7.34	-0.80	7.02	6.01	5.08

Slate Grocery REIT ROCE % Calculation

Slate Grocery REIT'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 )
	=	116.409	/	( ( (3084.338 - 182.923)	+	(2999.547 - 468.115) )	/ 2 )
	=	116.409	/	( (2901.415	+	2531.432)	/ 2 )
	=	116.409	/	2716.4235
	=	4.29 %

Slate Grocery REIT'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 )
	=	133.612	/	( ( (3036.899 - 311.8)	+	(2999.547 - 468.115) )	/ 2 )
	=	133.612	/	( ( 2725.099	+	2531.432 )	/ 2 )
	=	133.612	/	2628.2655
	=	5.08 %

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

Slate Grocery REIT (TSX:SGR.UN) 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.

Slate Grocery REIT ROCE % Related Terms

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Slate Grocery REIT (TSX:SGR.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Slate Grocery REIT (TSX:SGR.UN) » Definitions » ROCE %

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Traded in Other Exchanges

SRRTF:USA SGR.U:Canada

Address

121 King Street West, Suite 200, Toronto, ON, CAN, M5H 3T9

Website

https://www.slateretailreit.com

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning, and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company's properties include Bloomingdale Plaza, Westin Centre, Glenlake Plaza, Prairie Point, and others.

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