Minto Apartment REIT (TSX:MI.UN) ROCE % : -11.07% (As of Dec. 2023)

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What is Minto 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. Minto Apartment REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.07%.

Minto Apartment REIT ROCE % Historical Data

The historical data trend for Minto 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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Minto Apartment REIT ROCE % Chart

Minto Apartment REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.26

9.76

5.16

11.12

-3.45

Minto 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															-3.99	-2.69	-5.71	5.71	-11.07

Minto Apartment REIT ROCE % Calculation

Minto 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 )
	=	-82.391	/	( ( (2734.812 - 438.057)	+	(2702.12 - 226.177) )	/ 2 )
	=	-82.391	/	( (2296.755	+	2475.943)	/ 2 )
	=	-82.391	/	2386.349
	=	-3.45 %

Minto 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 )
	=	-276.584	/	( ( (2723.608 - 202.629)	+	(2702.12 - 226.177) )	/ 2 )
	=	-276.584	/	( ( 2520.979	+	2475.943 )	/ 2 )
	=	-276.584	/	2498.461
	=	-11.07 %

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

Minto Apartment REIT (TSX:MI.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.

Minto Apartment REIT ROCE % Related Terms

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Minto Apartment REIT (TSX:MI.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Minto Apartment REIT (TSX:MI.UN) » Definitions » ROCE %

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MIAPF:USA

Address

200 - 180 Kent Street, Ottawa, ON, CAN, K1P 0B6

Website

https://www.mintoapartmentreit.com

Minto Apartment REIT is an unincorporated, open-ended real estate investment trust. It owns, develops, and operates a portfolio of income-producing multi-residential rental properties located in Canada. Its portfolio consists of interests in 32 multi-residential rental properties, including four mixed-use residential apartments and commercial buildings. The Reit's primary source of revenue is rental revenue.

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