Elme Communities (FRA:WRI) ROCE % : 1.40% (As of Mar. 2024)

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What is Elme Communities 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. Elme Communities's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.40%.

Elme Communities ROCE % Historical Data

The historical data trend for Elme Communities'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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Elme Communities ROCE % Chart

Elme Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.18

-0.12

-0.97

-0.34

-1.29

Elme Communities 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															0.72	0.94	-8.43	1.47	1.40

Elme Communities ROCE % Calculation

Elme Communities'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 )
	=	-20.677	/	( ( (1767.74 - 99.968)	+	(1742.326 - 199.088) )	/ 2 )
	=	-20.677	/	( (1667.772	+	1543.238)	/ 2 )
	=	-20.677	/	1605.505
	=	-1.29 %

Elme Communities'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 )
	=	21.516	/	( ( (1742.326 - 199.088)	+	(1726.416 - 194.452) )	/ 2 )
	=	21.516	/	( ( 1543.238	+	1531.964 )	/ 2 )
	=	21.516	/	1537.601
	=	1.40 %

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

Elme Communities (FRA:WRI) 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.

Elme Communities ROCE % Related Terms

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Elme Communities (FRA:WRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elme Communities (FRA:WRI) » Definitions » ROCE %

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Traded in Other Exchanges

ELME:USA

Address

1775 Eye Street North West, Suite 1000, Washington, DC, USA, 20006

Website

https://www.elmecommunities.com

Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.