Pine Trail REIT (TSXV:PINE.UN) ROCE % : 0.00% (As of Dec. 2023)

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What is Pine Trail 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. Pine Trail REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Pine Trail REIT ROCE % Historical Data

The historical data trend for Pine Trail 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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Pine Trail REIT ROCE % Chart

Pine Trail REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.34

5.55

3.79

4.29

1.41

Pine Trail 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															4.18	2.91	0.73	1.97	-

Pine Trail REIT ROCE % Calculation

Pine Trail 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 )
	=	0.046	/	( ( (3.606 - 0.305)	+	(3.509 - 0.292) )	/ 2 )
	=	0.046	/	( (3.301	+	3.217)	/ 2 )
	=	0.046	/	3.259
	=	1.41 %

Pine Trail 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 )
	=	0	/	( ( (3.506 - 0.258)	+	(3.509 - 0.292) )	/ 2 )
	=	0	/	( ( 3.248	+	3.217 )	/ 2 )
	=	0	/	3.2325
	=	0.00 %

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

Pine Trail REIT (TSXV:PINE.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.

Pine Trail REIT ROCE % Related Terms

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Pine Trail REIT (TSXV:PINE.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Pine Trail REIT (TSXV:PINE.UN) » Definitions » ROCE %

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Address

161 Bay Street, 27th Floor, Toronto, ON, CAN, M5J 2S1

Website

https://www.pinereit.com

Pine Trail REIT owns and rents a medical office real estate property through its wholly owned subsidiaries. The Picton Property, owned by the trust, is fully occupied by medical practitioners and a pharmacy.

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