Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) ROCE % : 7.44% (As of Mar. 2024)

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What is Prospect Logistics and Industrial Freehold and Leasehold 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. Prospect Logistics and Industrial Freehold and Leasehold REIT's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.44%.

Prospect Logistics and Industrial Freehold and Leasehold REIT ROCE % Historical Data

The historical data trend for Prospect Logistics and Industrial Freehold and Leasehold 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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Prospect Logistics and Industrial Freehold and Leasehold REIT ROCE % Chart

Prospect Logistics and Industrial Freehold and Leasehold REIT Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

7.36

7.56

7.78

Prospect Logistics and Industrial Freehold and Leasehold REIT Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									3.89	8.12	8.31	5.64	7.44

Prospect Logistics and Industrial Freehold and Leasehold REIT ROCE % Calculation

Prospect Logistics and Industrial Freehold and Leasehold 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 )
	=	328.567	/	( ( (3538.376 - 254.523)	+	(5419.057 - 257.804) )	/ 2 )
	=	328.567	/	( (3283.853	+	5161.253)	/ 2 )
	=	328.567	/	4222.553
	=	7.78 %

Prospect Logistics and Industrial Freehold and Leasehold 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 )
	=	384.6	/	( ( (5419.057 - 257.804)	+	(5417.626 - 245.911) )	/ 2 )
	=	384.6	/	( ( 5161.253	+	5171.715 )	/ 2 )
	=	384.6	/	5166.484
	=	7.44 %

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

Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) 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.

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Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Surawong Road, No.345, Surawong Building, 5th Floor, Suriyawong Subdistrict, Bangrak, Bangkok, THA, 10500

Website

https://www.prospectrm.com

Prospect Logistics and Industrial Freehold and Leasehold REIT is a real estate investment trust operating as a close end trust. The company sublease rights of land and properties of Bangkok Free Trade Zone project which includes warehouses and factories for rent.

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