Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) ROCE % : 10.90% (As of Dec. 2023)

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What is Boardwalk Real Estate Investment Trust 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. Boardwalk Real Estate Investment Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.90%.

Boardwalk Real Estate Investment Trust ROCE % Historical Data

The historical data trend for Boardwalk Real Estate Investment Trust'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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Boardwalk Real Estate Investment Trust ROCE % Chart

Boardwalk Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.03

-2.06

9.04

5.71

10.97

Boardwalk Real Estate Investment Trust 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															2.28	14.78	15.13	3.61	10.90

Boardwalk Real Estate Investment Trust ROCE % Calculation

Boardwalk Real Estate Investment Trust'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 )
	=	570.201	/	( ( (5202.264 - 430.579)	+	(6068.781 - 447.616) )	/ 2 )
	=	570.201	/	( (4771.685	+	5621.165)	/ 2 )
	=	570.201	/	5196.425
	=	10.97 %

Boardwalk Real Estate Investment Trust'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 )
	=	593.12	/	( ( (5651.002 - 393.281)	+	(6068.781 - 447.616) )	/ 2 )
	=	593.12	/	( ( 5257.721	+	5621.165 )	/ 2 )
	=	593.12	/	5439.443
	=	10.90 %

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

Boardwalk Real Estate Investment Trust (OTCPK:BOWFF) 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.

Boardwalk Real Estate Investment Trust ROCE % Related Terms

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Boardwalk Real Estate Investment Trust (Boardwalk Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Boardwalk Real Estate Investment Trust (OTCPK:BOWFF) » Definitions » ROCE %

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BEI.UN:Canada

Address

1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1

Website

https://www.bwalk.com

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.