National Retail Properties (National Retail Properties) ROCE % : 6.59% (As of Dec. 2023)

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What is National Retail Properties 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. National Retail Properties's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.59%.

National Retail Properties ROCE % Historical Data

The historical data trend for National Retail Properties'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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National Retail Properties ROCE % Chart

National Retail Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.84

4.81

5.58

6.16

6.76

National Retail Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.50	6.48	6.96	7.20	6.59

National Retail Properties ROCE % Calculation

National Retail Properties'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 )
	=	556.238	/	( ( (8146.045 - 190.026)	+	(8661.968 - 166.374) )	/ 2 )
	=	556.238	/	( (7956.019	+	8495.594)	/ 2 )
	=	556.238	/	8225.8065
	=	6.76 %

National Retail Properties's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	560.284	/	( ( (8561.308 - 60.765)	+	(8661.968 - 166.374) )	/ 2 )
	=	560.284	/	( ( 8500.543	+	8495.594 )	/ 2 )
	=	560.284	/	8498.0685
	=	6.59 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

National Retail Properties (NYSE:NNNpF.PFD) 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.

National Retail Properties ROCE % Related Terms

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National Retail Properties (National Retail Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Retail Properties Inc (NYSE:NNNpF.PFD) » Definitions » ROCE %

Comparable Companies

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NNN:USA CZ2:Germany

Address

450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801

Website

https://www.nnnreit.com

NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue, followed by automotive services, entertainment venues, and others. maximum of the company's properties are located in the South and Southeast of the United States.