Issara REIT (BKK:ISSARA) ROCE % : 3.11% (As of Sep. 2024)

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What is Issara 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. Issara REIT's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.11%.

Issara REIT ROCE % Historical Data

The historical data trend for Issara 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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Issara REIT ROCE % Chart

Issara REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.78

5.86

4.70

4.84

4.72

Issara REIT Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.40	4.88	4.71	4.41	3.11

Issara REIT ROCE % Calculation

Issara 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 )
	=	66.988	/	( ( (1426.353 - 3.376)	+	(1415.348 - 2.741) )	/ 2 )
	=	66.988	/	( (1422.977	+	1412.607)	/ 2 )
	=	66.988	/	1417.792
	=	4.72 %

Issara REIT's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	43.78	/	( ( (1414.553 - 3.378)	+	(1410.628 - 4.973) )	/ 2 )
	=	43.78	/	( ( 1411.175	+	1405.655 )	/ 2 )
	=	43.78	/	1408.415
	=	3.11 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Issara REIT (BKK:ISSARA) 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.

Issara REIT ROCE % Related Terms

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Issara REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Issara REIT (BKK:ISSARA) » Definitions » ROCE %

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Address

New Petchaburi Road, 2922/198 Charn Issara Tower 2, 10th Floor, Bangkapi, Huay Kwang, Bangkok, THA, 10330

Website

https://www.one-asset.com

Issara REIT is a closed-end fund investing in property and property lease rights. The primary objective of the fund is to maintain an appropriate capital structure in order to provide returns for unitholders in accordance with the fund's establishment objective. The company invests in properties such as office suites and commercial apartments in Charn Issara Tower and Charn Issara Tower II. Geographically it operates through the region of Thailand.

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