CareTrust REIT (LTS:0A1C) ROCE % : 3.14% (As of Jun. 2024)

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What is CareTrust 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. CareTrust REIT's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.14%.

CareTrust REIT ROCE % Historical Data

The historical data trend for CareTrust 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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CareTrust REIT ROCE % Chart

CareTrust REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.82

7.05

6.79

1.57

5.40

CareTrust REIT Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															2.95	5.29	7.36	6.91	3.14

CareTrust REIT ROCE % Calculation

CareTrust 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 )
	=	86.753	/	( ( (1530.017 - 167.003)	+	(1911.796 - 64.67) )	/ 2 )
	=	86.753	/	( (1363.014	+	1847.126)	/ 2 )
	=	86.753	/	1605.07
	=	5.40 %

CareTrust REIT'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	70.964	/	( ( (2160.561 - 70.35)	+	(2507.142 - 76.023) )	/ 2 )
	=	70.964	/	( ( 2090.211	+	2431.119 )	/ 2 )
	=	70.964	/	2260.665
	=	3.14 %

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

CareTrust REIT (LTS:0A1C) 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.

CareTrust REIT ROCE % Related Terms

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CareTrust REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CareTrust REIT Inc (LTS:0A1C) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CTRE:USA

Address

905 Calle Amanecer, Suite 300, San Clemente, CA, USA, 92673

Website

https://www.caretrustreit.com

CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).

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