Broadstone Net Lease (STU:62XA) ROCE % : 4.30% (As of Sep. 2024)

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What is Broadstone Net Lease 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. Broadstone Net Lease's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.30%.

Broadstone Net Lease ROCE % Historical Data

The historical data trend for Broadstone Net Lease'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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Broadstone Net Lease ROCE % Chart

Broadstone Net Lease Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.90

3.25

4.17

4.37

4.58

Broadstone Net Lease 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															5.63	1.96	6.82	4.29	4.30

Broadstone Net Lease ROCE % Calculation

Broadstone Net Lease'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 )
	=	223.865	/	( ( (5151.983 - 102.97)	+	(4831.43 - 100.966) )	/ 2 )
	=	223.865	/	( (5049.013	+	4730.464)	/ 2 )
	=	223.865	/	4889.7385
	=	4.58 %

Broadstone Net Lease'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 )
	=	198.78	/	( ( (4890.773 - 180.033)	+	(4742.221 - 217.085) )	/ 2 )
	=	198.78	/	( ( 4710.74	+	4525.136 )	/ 2 )
	=	198.78	/	4617.938
	=	4.30 %

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

Broadstone Net Lease (STU:62XA) 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.

Broadstone Net Lease ROCE % Related Terms

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Broadstone Net Lease Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Broadstone Net Lease Inc (STU:62XA) » Definitions » ROCE %

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Traded in Other Exchanges

BNL:USA

Address

207 High Point Drive, Suite 300, Victor, NY, USA, 14564

Website

https://www.broadstone.com

Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.

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