Yorkton Equity Group (TSXV:YEG) ROCE % : 3.07% (As of Sep. 2023)

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Yorkton Equity Group ROCE % Definition

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. Yorkton Equity Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.07%.

Yorkton Equity Group ROCE % Historical Data

The historical data trend for Yorkton Equity Group'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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Yorkton Equity Group ROCE % Chart

Yorkton Equity Group Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-12.79

-3.53

3.12

Yorkton Equity Group Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial											2.77	4.46	2.61	2.50	3.07

Yorkton Equity Group ROCE % Calculation

Yorkton Equity Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.34	/	( ( (45.862 - 14.044)	+	(58.611 - 4.492) )	/ 2 )
	=	1.34	/	( (31.818	+	54.119)	/ 2 )
	=	1.34	/	42.9685
	=	3.12 %

Yorkton Equity Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.892	/	( ( (98.224 - 4.61)	+	(99.742 - 4.693) )	/ 2 )
	=	2.892	/	( ( 93.614	+	95.049 )	/ 2 )
	=	2.892	/	94.3315
	=	3.07 %

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

Yorkton Equity Group (TSXV:YEG) 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.

Yorkton Equity Group ROCE % Related Terms

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Yorkton Equity Group (TSXV:YEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yorkton Equity Group Inc (TSXV:YEG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10180 - 101 Street NW, 3165 Manulfie Place, Edmonton, AB, CAN, T5J 3S4

Website

https://www.yorktonequitygroup.com

Yorkton Equity Group Inc is a fully integrated, growth-oriented real estate investment company committed to providing shareholders with investment opportunities through the accretive acquisitions of multi-family revenue properties in strategic markets across Canada, with its current focus in Western Canada. YEG's focus is to acquire and manage multi-family revenue properties in growing strategic markets across Canada with strong economic fundamentals and to grow the Net Operating Income (NOI) and the Net Asset Value (NAV) of its revenue property portfolio.

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