Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) ROCE %

: 3.14% (As of Dec. 2023)

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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. Morguard North American Residential Real Estate Investment Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.14%.

Morguard North American Residential Real Estate Investment Trust ROCE % Historical Data

The historical data trend for Morguard North American Residential 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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Morguard North American Residential Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

4.68

7.25

11.41

10.30

6.74

Morguard North American Residential 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 %																-20.25	6.36	11.92	4.62	3.14

Morguard North American Residential Real Estate Investment Trust ROCE % Calculation

Morguard North American Residential 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 )
	=	254.027	/	( ( (3934.417 - 273.664)	+	(4095.931 - 222.398) )	/ 2 )
	=	254.027	/	( (3660.753	+	3873.533)	/ 2 )
	=	254.027	/	3767.143
	=	6.74 %

Morguard North American Residential 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 )
	=	123.492	/	( ( (4168.456 - 188.205)	+	(4095.931 - 222.398) )	/ 2 )
	=	123.492	/	( ( 3980.251	+	3873.533 )	/ 2 )
	=	123.492	/	3926.892
	=	3.14 %

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

Morguard North American Residential Real Estate Investment Trust (TSX:MRG.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.

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Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MNARF:USA

Address

55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.

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