City Office REIT (FRA:5QV) ROCE % : 2.42% (As of Mar. 2024)

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What is City Office 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. City Office REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.42%.

City Office REIT ROCE % Historical Data

The historical data trend for City Office 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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City Office REIT ROCE % Chart

City Office REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.96

2.69

42.54

3.28

2.27

City Office REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.64	2.26	2.51	1.72	2.42

City Office REIT ROCE % Calculation

City Office 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 )
	=	27.364	/	( ( (1486.27 - 238.303)	+	(1385.932 - 223.693) )	/ 2 )
	=	27.364	/	( (1247.967	+	1162.239)	/ 2 )
	=	27.364	/	1205.103
	=	2.27 %

City Office REIT's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	28.128	/	( ( (1385.932 - 223.693)	+	(1385.085 - 226.137) )	/ 2 )
	=	28.128	/	( ( 1162.239	+	1158.948 )	/ 2 )
	=	28.128	/	1160.5935
	=	2.42 %

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

City Office REIT (FRA:5QV) 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.

City Office REIT ROCE % Related Terms

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City Office REIT (FRA:5QV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » City Office REIT Inc (FRA:5QV) » Definitions » ROCE %

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CIOpA.PFD:USA CIO:USA

Address

666 Burrard Street, Suite 3210, Vancouver, BC, CAN, V6C 2X8

Website

https://www.cioreit.com

City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.

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