Artis Real Estate Investment Trust (TSX:AX.PR.I.PFD) ROCE % : -1.95% (As of Dec. 2024)

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What is Artis Real Estate Investment Trust 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. Artis Real Estate Investment Trust's annualized ROCE % for the quarter that ended in Dec. 2024 was -1.95%.

Artis Real Estate Investment Trust ROCE % Historical Data

The historical data trend for Artis 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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Artis Real Estate Investment Trust ROCE % Chart

Artis Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.45

12.04

2.82

-7.32

2.12

Artis Real Estate Investment Trust Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-6.70	3.25	4.67	1.94	-1.95

Artis Real Estate Investment Trust ROCE % Calculation

Artis Real Estate Investment Trust's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	52.686	/	( ( (3735.03 - 971.467)	+	(2803.161 - 585.683) )	/ 2 )
	=	52.686	/	( (2763.563	+	2217.478)	/ 2 )
	=	52.686	/	2490.5205
	=	2.12 %

Artis Real Estate Investment Trust's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-42.7	/	( ( (2843.897 - 675.532)	+	(2803.161 - 585.683) )	/ 2 )
	=	-42.7	/	( ( 2168.365	+	2217.478 )	/ 2 )
	=	-42.7	/	2192.9215
	=	-1.95 %

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

Artis Real Estate Investment Trust (TSX:AX.PR.I.PFD) 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.

Artis Real Estate Investment Trust ROCE % Related Terms

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Artis Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Artis Real Estate Investment Trust (TSX:AX.PR.I.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARESF:USA 5G6:Germany AX.UN:Canada AX.PR.E.PFD:Canada

Address

220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5

Website

https://www.artisreit.com

Artis Real Estate Investment Trust is an unincorporated closed-end real estate investment trust created under, and governed by, the laws of the Province of Manitoba. The REIT owns, manages, leases and develops industrial, office, retail and residential properties in Canada and the United States, and holds other real estate investments. The segmented information for Canada and U.S. presented below includes the REIT's proportionate share of revenue, expenses, assets and liabilities of investment properties held in equity accounted investments which were set up to develop and operate specific investment properties.

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