Firm Capital Apartment REIT (TSXV:FCA.UN) ROCE % : 3.06% (As of Dec. 2023)

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What is Firm Capital Apartment 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. Firm Capital Apartment REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.06%.

Firm Capital Apartment REIT ROCE % Historical Data

The historical data trend for Firm Capital Apartment 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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Firm Capital Apartment REIT ROCE % Chart

Firm Capital Apartment REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.11

7.14

6.08

-9.25

-3.79

Firm Capital Apartment REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.61	-13.22	-2.06	-1.32	3.06

Firm Capital Apartment REIT ROCE % Calculation

Firm Capital Apartment 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 )
	=	-5.056	/	( ( (213.412 - 49.747)	+	(166.9 - 63.701) )	/ 2 )
	=	-5.056	/	( (163.665	+	103.199)	/ 2 )
	=	-5.056	/	133.432
	=	-3.79 %

Firm Capital Apartment REIT's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3.168	/	( ( (168.258 - 64.348)	+	(166.9 - 63.701) )	/ 2 )
	=	3.168	/	( ( 103.91	+	103.199 )	/ 2 )
	=	3.168	/	103.5545
	=	3.06 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Firm Capital Apartment REIT (TSXV:FCA.UN) 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.

Firm Capital Apartment REIT ROCE % Related Terms

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Firm Capital Apartment REIT (TSXV:FCA.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Firm Capital Apartment REIT (TSXV:FCA.UN) » Definitions » ROCE %

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FCA.U:Canada

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.

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