Innovative Industrial Properties (STU:1IK) ROCE % : 7.80% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Innovative Industrial 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. Innovative Industrial Properties's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.80%.

Innovative Industrial Properties ROCE % Historical Data

The historical data trend for Innovative Industrial 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.

* Premium members only.

Innovative Industrial Properties ROCE % Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.16

5.99

7.49

8.39

7.91

Innovative Industrial Properties 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															8.21	7.79	7.76	8.24	7.80

Innovative Industrial Properties ROCE % Calculation

Innovative Industrial 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 )
	=	166.604	/	( ( (2279.605 - 141.172)	+	(2192.63 - 121.211) )	/ 2 )
	=	166.604	/	( (2138.433	+	2071.419)	/ 2 )
	=	166.604	/	2104.926
	=	7.91 %

Innovative Industrial Properties'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 )
	=	160.888	/	( ( (2214.899 - 120.468)	+	(2158.193 - 126.199) )	/ 2 )
	=	160.888	/	( ( 2094.431	+	2031.994 )	/ 2 )
	=	160.888	/	2063.2125
	=	7.80 %

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

Innovative Industrial Properties (STU:1IK) 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.

Innovative Industrial Properties ROCE % Related Terms

Thank you for viewing the detailed overview of Innovative Industrial Properties's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovative Industrial Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (STU:1IK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IIPRpA.PFD:USA IIPR:USA 0JBD:UK 1IK:Germany

Address

1389 Center Drive, Suite 200, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

Innovative Industrial Properties Headlines

No Headlines