Mitsubishi Estate Logistics REIT Investment (TSE:3481) ROCE % : 2.89% (As of Aug. 2023)

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What is Mitsubishi Estate Logistics REIT Investment 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. Mitsubishi Estate Logistics REIT Investment's annualized ROCE % for the quarter that ended in Aug. 2023 was 2.89%.

Mitsubishi Estate Logistics REIT Investment ROCE % Historical Data

The historical data trend for Mitsubishi Estate Logistics REIT Investment'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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Mitsubishi Estate Logistics REIT Investment ROCE % Chart

Mitsubishi Estate Logistics REIT Investment Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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3.14

3.39

3.17

2.94

3.08

Mitsubishi Estate Logistics REIT Investment Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial									3.03	3.20	3.06	2.89	3.06

Mitsubishi Estate Logistics REIT Investment ROCE % Calculation

Mitsubishi Estate Logistics REIT Investment's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	7442.31	/	( ( (228173.608 - 8330.104)	+	(271357.624 - 7979.1) )	/ 2 )
	=	7442.31	/	( (219843.504	+	263378.524)	/ 2 )
	=	7442.31	/	241611.014
	=	3.08 %

Mitsubishi Estate Logistics REIT Investment's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	7552.92	/	( ( (273063.384 - 13402.546)	+	(271357.624 - 7979.1) )	/ 2 )
	=	7552.92	/	( ( 259660.838	+	263378.524 )	/ 2 )
	=	7552.92	/	261519.681
	=	2.89 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

Mitsubishi Estate Logistics REIT Investment (TSE:3481) 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.

Mitsubishi Estate Logistics REIT Investment ROCE % Related Terms

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Mitsubishi Estate Logistics REIT Investment (TSE:3481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mitsubishi Estate Logistics REIT Investment Corp (TSE:3481) » Definitions » ROCE %

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Address

2-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://mel-reit.co.jp

Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties mainly located in Tokyo metropolitan area.

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