Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) ROCE % : 7.73% (As of Sep. 2024)

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What is Killam Apartment 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. Killam Apartment Real Estate Investment Trust's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.73%.

Killam Apartment Real Estate Investment Trust ROCE % Historical Data

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

Killam Apartment Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.47

6.18

9.89

4.76

8.28

Killam Apartment Real Estate Investment Trust Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.34	1.62	14.18	12.43	7.73

Killam Apartment Real Estate Investment Trust ROCE % Calculation

Killam Apartment 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 )
	=	364.96	/	( ( (4859.53 - 624.033)	+	(5085.114 - 500.894) )	/ 2 )
	=	364.96	/	( (4235.497	+	4584.22)	/ 2 )
	=	364.96	/	4409.8585
	=	8.28 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	373.284	/	( ( (5343.929 - 571.715)	+	(5415.272 - 523.728) )	/ 2 )
	=	373.284	/	( ( 4772.214	+	4891.544 )	/ 2 )
	=	373.284	/	4831.879
	=	7.73 %

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

Killam Apartment Real Estate Investment Trust (TSX:KMP.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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Killam Apartment Real Estate Investment Trust Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) » Definitions » ROCE %

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KMMPF:USA

Address

3700 Kempt Road, Suite 100, Halifax, NS, CAN, B3K 4X8

Website

https://www.killamreit.com

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHCs), and commercial properties in Canada. It has three operating segments, Apartment segment, MHC segment, and Commercial segment. The apartment segment acquires, operates, manages, and develops multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and the Commercial segment includes eight commercial properties.

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