Mainstreet Equity (TSX:MEQ) ROCE % : 9.47% (As of Dec. 2024)

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What is Mainstreet Equity 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. Mainstreet Equity's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.47%.

Mainstreet Equity ROCE % Historical Data

The historical data trend for Mainstreet Equity'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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Mainstreet Equity ROCE % Chart

Mainstreet Equity Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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5.67

12.43

6.73

6.20

9.12

Mainstreet Equity 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															11.49	6.86	7.02	10.76	9.47

Mainstreet Equity ROCE % Calculation

Mainstreet Equity's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	287.493	/	( ( (3164.992 - 164.949)	+	(3491.433 - 185.954) )	/ 2 )
	=	287.493	/	( (3000.043	+	3305.479)	/ 2 )
	=	287.493	/	3152.761
	=	9.12 %

Mainstreet Equity'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 )
	=	314.136	/	( ( (3491.433 - 185.954)	+	(3635.12 - 303.459) )	/ 2 )
	=	314.136	/	( ( 3305.479	+	3331.661 )	/ 2 )
	=	314.136	/	3318.57
	=	9.47 %

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

Mainstreet Equity (TSX:MEQ) 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.

Mainstreet Equity ROCE % Related Terms

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Mainstreet Equity Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (TSX:MEQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MEQYF:USA 9V4:Germany

Address

10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2

Website

https://www.mainst.biz

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. Maximum revenue from Alberta. The company generates revenue from rental income and others.

Executives

Ron Anderson	Director
Richard Grimaldi	Director
Joe Amantea	Director
Sheena Keslick	Senior Officer

Mainstreet Equity Headlines

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