IGB Commercial REIT (XKLS:5299) ROCE % : 3.90% (As of Mar. 2024)

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What is IGB Commercial REIT 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. IGB Commercial REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.90%.

IGB Commercial REIT ROCE % Historical Data

The historical data trend for IGB Commercial REIT'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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IGB Commercial REIT ROCE % Chart

IGB Commercial REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.16

3.54

IGB Commercial REIT Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										3.66	3.51	3.56	3.39	3.90

IGB Commercial REIT ROCE % Calculation

IGB Commercial REIT'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 )
	=	111.349	/	( ( (3283.873 - 138.419)	+	(3295.903 - 151.454) )	/ 2 )
	=	111.349	/	( (3145.454	+	3144.449)	/ 2 )
	=	111.349	/	3144.9515
	=	3.54 %

IGB Commercial REIT's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	122.492	/	( ( (3295.903 - 151.454)	+	(3274.016 - 129.252) )	/ 2 )
	=	122.492	/	( ( 3144.449	+	3144.764 )	/ 2 )
	=	122.492	/	3144.6065
	=	3.90 %

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

IGB Commercial REIT (XKLS:5299) 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.

IGB Commercial REIT ROCE % Related Terms

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IGB Commercial REIT (XKLS:5299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » IGB Commercial REIT (XKLS:5299) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Lingkaran Syed Putra, Level 32, The Gardens South Tower, Mid Valley City, Kuala Lumpur, SGR, MYS, 59200

Website

http://www.igbcomreit.com

IGB Commercial REIT is established with the investment strategy of principally investing, directly and indirectly, in commercial assets and real estate-related assets in Malaysia and overseas. The company's initial portfolio consists of several commercial buildings strategically located in the Klang Valley.

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