Getty Realty (FRA:GRL) ROCE % : 5.96% (As of Mar. 2024)

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What is Getty Realty 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. Getty Realty's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.96%.

Getty Realty ROCE % Historical Data

The historical data trend for Getty Realty'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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Getty Realty ROCE % Chart

Getty Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.77

7.55

6.75

8.59

5.71

Getty Realty 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															5.77	5.25	5.91	5.80	5.96

Getty Realty ROCE % Calculation

Getty Realty'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 )
	=	84.069	/	( ( (1474.806 - 126.799)	+	(1671.054 - 74.864) )	/ 2 )
	=	84.069	/	( (1348.007	+	1596.19)	/ 2 )
	=	84.069	/	1472.0985
	=	5.71 %

Getty Realty'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 )
	=	95.156	/	( ( (1671.054 - 74.864)	+	(1701.588 - 106.077) )	/ 2 )
	=	95.156	/	( ( 1596.19	+	1595.511 )	/ 2 )
	=	95.156	/	1595.8505
	=	5.96 %

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

Getty Realty (FRA:GRL) 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.

Getty Realty ROCE % Related Terms

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Getty Realty (FRA:GRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Getty Realty Corp (FRA:GRL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GTY:USA GRL:Germany

Address

292 Madison Avenue, 9th Floor, New York, NY, USA, 10017-6318

Website

https://www.gettyrealty.com

Getty Realty Corp is the real estate investment trust in the U.S. specializing in the acquisition, financing, and development of convenience, automotive, and other single tenant retail real estate. The company's portfolio includes convenience stores, car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, collision), automotive parts retailers, and certain other freestanding retail properties, including drive-thru quick service restaurants. It generates majority of the revenue in the form of rental income.

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