Timbercreek Financial (TSX:TF) ROCE % : 4.77% (As of Mar. 2024)

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What is Timbercreek Financial 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. Timbercreek Financial's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.77%.

Timbercreek Financial ROCE % Historical Data

The historical data trend for Timbercreek Financial'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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Timbercreek Financial ROCE % Chart

Timbercreek Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.68

3.25

3.88

4.78

5.21

Timbercreek Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.60	5.33	5.28	4.81	4.77

Timbercreek Financial ROCE % Calculation

Timbercreek Financial'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 )
	=	75.419	/	( ( (1916.039 - 465.44)	+	(1785.957 - 340.32) )	/ 2 )
	=	75.419	/	( (1450.599	+	1445.637)	/ 2 )
	=	75.419	/	1448.118
	=	5.21 %

Timbercreek Financial's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	66.472	/	( ( (1785.957 - 340.32)	+	(1719.117 - 375.31) )	/ 2 )
	=	66.472	/	( ( 1445.637	+	1343.807 )	/ 2 )
	=	66.472	/	1394.722
	=	4.77 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Timbercreek Financial (TSX:TF) 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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Timbercreek Financial (TSX:TF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Timbercreek Financial Corp (TSX:TF) » Definitions » ROCE %

Comparable Companies

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TBCRF:USA 58O:Germany

Address

25 Price Street, Toronto, ON, CAN, M4W 1Z1

Website

https://www.timbercreekfinancial.com

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company's strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.

Executives

Robert Blair Tamblyn

Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

Timbercreek Financial (TSX:TF) Headlines

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