Empiric Student Property (LSE:ESP) ROCE % : 6.18% (As of Jun. 2024)

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What is Empiric Student Property 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. Empiric Student Property's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.18%.

Empiric Student Property ROCE % Historical Data

The historical data trend for Empiric Student Property'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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Empiric Student Property ROCE % Chart

Empiric Student Property Annual Data

Trend

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.09

-1.22

4.09

7.92

6.55

Empiric Student Property Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													14.85	0.90	6.14	6.95	6.18

Empiric Student Property ROCE % Calculation

Empiric Student Property'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 )
	=	69.6	/	( ( (1146.5 - 58)	+	(1150.3 - 114.9) )	/ 2 )
	=	69.6	/	( (1088.5	+	1035.4)	/ 2 )
	=	69.6	/	1061.95
	=	6.55 %

Empiric Student Property'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 )
	=	67.4	/	( ( (1150.3 - 114.9)	+	(1192.1 - 45.1) )	/ 2 )
	=	67.4	/	( ( 1035.4	+	1147 )	/ 2 )
	=	67.4	/	1091.2
	=	6.18 %

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

Empiric Student Property (LSE:ESP) 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.

Empiric Student Property ROCE % Related Terms

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Empiric Student Property Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empiric Student Property PLC (LSE:ESP) » Definitions » ROCE %

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Address

72 Borough High Street, 1st Floor Hop Yard Studios, London, GBR, SE1 1XF

Website

https://www.empiric.co.uk

Empiric Student Property PLC is a real estate company. It is engaged in investing in and managing premium purpose-built student accommodation in central locations in prime university cities and towns in the United Kingdom. Its investment portfolio includes Centro Court, Bath Canalside, Bath Piccadilly Place, James House, and Edge Apartments among others. The company earns operating revenue from student accommodation rental.