GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Axtra Future City Freehold and Leasehold REIT (BKK:AXTRART) » Definitions » ROC %

Axtra Future City Freehold and Leasehold REIT (BKK:AXTRART) ROC % : 2.33% (As of Dec. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Axtra Future City Freehold and Leasehold REIT ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Axtra Future City Freehold and Leasehold REIT's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was 2.33%.

As of today (2025-03-20), Axtra Future City Freehold and Leasehold REIT's WACC % is 7.42%. Axtra Future City Freehold and Leasehold REIT's ROC % is 5.99% (calculated using TTM income statement data). Axtra Future City Freehold and Leasehold REIT earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Axtra Future City Freehold and Leasehold REIT ROC % Historical Data

The historical data trend for Axtra Future City Freehold and Leasehold REIT's ROC % 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.

* Premium members only.

Axtra Future City Freehold and Leasehold REIT ROC % Chart

Axtra Future City Freehold and Leasehold REIT Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.72 5.74 5.19 6.37 7.19

Axtra Future City Freehold and Leasehold REIT Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Dec24
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.28 7.45 7.01 7.00 2.33

Axtra Future City Freehold and Leasehold REIT ROC % Calculation

Axtra Future City Freehold and Leasehold REIT's annualized Return on Capital (ROC %) for the fiscal year that ended in Feb. 2024 is calculated as:

ROC % (A: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Feb. 2023 ) + Invested Capital (A: Feb. 2024 ))/ count )
=2300.249 * ( 1 - 0% )/( (31925.721 + 32044.216)/ 2 )
=2300.249/31984.9685
=7.19 %

where

Invested Capital(A: Feb. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=32122.407 - 227.981 - ( 460.022 - max(0, 707.531 - 676.236+460.022))
=31925.721

Invested Capital(A: Feb. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=32352.237 - 229.786 - ( 443.288 - max(0, 692.738 - 770.973+443.288))
=32044.216

Axtra Future City Freehold and Leasehold REIT's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=732.548 * ( 1 - 0% )/( (32110.631 + 30890.339)/ 2 )
=732.548/31500.485
=2.33 %

where

Invested Capital(Q: Aug. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=32404.809 - 184.467 - ( 395.783 - max(0, 656.64 - 766.351+395.783))
=32110.631

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=31975.657 - 133.474 - ( 1042.797 - max(0, 593.556 - 1545.4+1042.797))
=30890.339

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

* 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.


Axtra Future City Freehold and Leasehold REIT  (BKK:AXTRART) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Axtra Future City Freehold and Leasehold REIT's WACC % is 7.42%. Axtra Future City Freehold and Leasehold REIT's ROC % is 5.99% (calculated using TTM income statement data). Axtra Future City Freehold and Leasehold REIT earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Axtra Future City Freehold and Leasehold REIT ROC % Related Terms

Thank you for viewing the detailed overview of Axtra Future City Freehold and Leasehold REIT's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.


Axtra Future City Freehold and Leasehold REIT Business Description

Traded in Other Exchanges
N/A
Address
Sukhumvit Raod, No. 111, 10th Floor, Unit 1001/1, True Digital Park West, Bang Chak, Phra Khanong, Bangkok, THA, 10260
Axtra Future City Freehold and Leasehold REIT is a closed-end retail growth freehold and leasehold property fund. The Fund's objective is to seek funds from investors, invest mostly in property or property leasehold rights and generate benefit from such property. It Invest in Freehold & Leasehold of properties which comprises of nearly 23 shopping malls (Lotus's). It operates only in Thailand.

Axtra Future City Freehold and Leasehold REIT Headlines

No Headlines