Tricon Residential (TSX:TCN) ROCE % : 1.30% (As of Dec. 2023)

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What is Tricon Residential 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. Tricon Residential's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.30%.

Tricon Residential ROCE % Historical Data

The historical data trend for Tricon Residential'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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Tricon Residential ROCE % Chart

Tricon Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.13

6.10

9.91

11.48

3.64

Tricon Residential 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															4.25	3.70	4.60	5.58	1.30

Tricon Residential ROCE % Calculation

Tricon Residential'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 )
	=	592.927	/	( ( (16914.61 - 1346.454)	+	(17774.087 - 751.818) )	/ 2 )
	=	592.927	/	( (15568.156	+	17022.269)	/ 2 )
	=	592.927	/	16295.2125
	=	3.64 %

Tricon Residential'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 )
	=	217.96	/	( ( (17837.007 - 1258.422)	+	(17774.087 - 751.818) )	/ 2 )
	=	217.96	/	( ( 16578.585	+	17022.269 )	/ 2 )
	=	217.96	/	16800.427
	=	1.30 %

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

Tricon Residential (TSX:TCN) 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.

Tricon Residential ROCE % Related Terms

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Tricon Residential (TSX:TCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tricon Residential Inc (TSX:TCN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TCN:USA 331:Germany

Address

7 St. Thomas Street, Suite 801, Toronto, ON, CAN, M5S 2B7

Website

https://www.triconresidential.com

Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 36,000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform.

Executives

Ira Gluskin

Director