Macerich Co (LTS:0JX5) ROCE % : 2.09% (As of Sep. 2024)

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What is Macerich Co 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. Macerich Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.09%.

Macerich Co ROCE % Historical Data

The historical data trend for Macerich Co'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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Macerich Co ROCE % Chart

Macerich Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.86

-1.99

2.60

1.97

-1.45

Macerich Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.22	-12.63	-4.68	18.32	2.09

Macerich Co ROCE % Calculation

Macerich Co'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 )
	=	-105.673	/	( ( (8094.139 - 502.945)	+	(7513.512 - 573.722) )	/ 2 )
	=	-105.673	/	( (7591.194	+	6939.79)	/ 2 )
	=	-105.673	/	7265.492
	=	-1.45 %

Macerich Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	148.328	/	( ( (7777.706 - 564.565)	+	(7590.463 - 586.098) )	/ 2 )
	=	148.328	/	( ( 7213.141	+	7004.365 )	/ 2 )
	=	148.328	/	7108.753
	=	2.09 %

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

Macerich Co (LTS:0JX5) 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.

Macerich Co ROCE % Related Terms

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Macerich Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Macerich Co (LTS:0JX5) » Definitions » ROCE %

Comparable Companies

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MAC:USA M6G:Germany

Address

401 Wilshire Boulevard, Suite 700, Santa Monica, CA, USA, 90401

Website

https://www.macerich.com

The Macerich Company invests in premium mall assets. The company owns 28 regional malls in its consolidated portfolio and 14 regional malls in its unconsolidated portfolio along with three power centers and seven other real estate assets. The company's total portfolio has 45.5 million square feet of gross leasable area and averaged $836 sales per square foot over the 12 months ended in December 2023.

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