CORLQ.PFD (CorEnergy Infrastructure Trust) ROCE % : -464.39% (As of Dec. 2023)

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What is CorEnergy Infrastructure 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. CorEnergy Infrastructure Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was -464.39%.

CorEnergy Infrastructure Trust ROCE % Historical Data

The historical data trend for CorEnergy Infrastructure 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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CorEnergy Infrastructure Trust ROCE % Chart

CorEnergy Infrastructure Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.50

-66.53

4.26

1.60

-111.41

CorEnergy Infrastructure 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															5.02	1.32	0.37	0.40	-464.39

CorEnergy Infrastructure Trust ROCE % Calculation

CorEnergy Infrastructure Trust'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 )
	=	-255.584	/	( ( (494.963 - 127.035)	+	(229.103 - 138.196) )	/ 2 )
	=	-255.584	/	( (367.928	+	90.907)	/ 2 )
	=	-255.584	/	229.4175
	=	-111.41 %

CorEnergy Infrastructure 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 )
	=	-1029.848	/	( ( (482.923 - 130.302)	+	(229.103 - 138.196) )	/ 2 )
	=	-1029.848	/	( ( 352.621	+	90.907 )	/ 2 )
	=	-1029.848	/	221.764
	=	-464.39 %

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

CorEnergy Infrastructure Trust (OTCPK:CORLQ.PFD) 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.

CorEnergy Infrastructure Trust ROCE % Related Terms

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CorEnergy Infrastructure Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CorEnergy Infrastructure Trust Inc (OTCPK:CORLQ.PFD) » Definitions » ROCE %

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Address

1100 Walnut, Suite 3350, Kansas, MO, USA, 64106

Website

https://www.corenergy.reit

CorEnergy Infrastructure Trust Inc is primarily focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector. The company also provides other types of capital, including loans secured by energy infrastructure assets. It owns assets, such as pipelines, storage terminals, and transmission and distribution assets. Its assets include Crimson Midstream Holding, MoGas Pipeline System, and Omega Pipeline. The majority of the revenue is generated from the lease received.