Shurgard Self Storage (CHIX:SHURB) ROCE % : 9.78% (As of Jun. 2024)

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What is Shurgard Self Storage 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. Shurgard Self Storage's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.78%.

Shurgard Self Storage ROCE % Historical Data

The historical data trend for Shurgard Self Storage'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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Shurgard Self Storage ROCE % Chart

Shurgard Self Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.88

13.67

18.02

18.33

10.43

Shurgard Self Storage Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												23.44	13.13	9.61	11.51	9.78

Shurgard Self Storage ROCE % Calculation

Shurgard Self Storage'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 )
	=	504.367	/	( ( (4659.831 - 117.284)	+	(5353.877 - 228.089) )	/ 2 )
	=	504.367	/	( (4542.547	+	5125.788)	/ 2 )
	=	504.367	/	4834.1675
	=	10.43 %

Shurgard Self Storage's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	510.364	/	( ( (5353.877 - 228.089)	+	(5689.575 - 377.488) )	/ 2 )
	=	510.364	/	( ( 5125.788	+	5312.087 )	/ 2 )
	=	510.364	/	5218.9375
	=	9.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Shurgard Self Storage (CHIX:SHURb) 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.

Shurgard Self Storage ROCE % Related Terms

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Shurgard Self Storage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Shurgard Self Storage Ltd (CHIX:SHURb) » Definitions » ROCE %

Comparable Companies

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SHUR:Belgium

Address

Les Ruettes Brayes, Elizabeth House, 1st and 2nd floors, St Peters Port, Guernsey, GGY, GY1 4LX

Website

https://www.shurgard.com/

Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from France and also has a presence in the Netherlands, UK, Sweden, Belgium, Germany, and Denmark among others.

Shurgard Self Storage Headlines

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