CT Real Estate Investment Trust (TSX:CRT.UN) ROCE % : 7.90% (As of Mar. 2024)

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What is CT 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. CT Real Estate Investment Trust's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.90%.

CT Real Estate Investment Trust ROCE % Historical Data

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

CT Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.37

5.04

9.31

6.82

5.21

CT Real Estate Investment Trust 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															5.99	8.45	2.48	4.18	7.90

CT Real Estate Investment Trust ROCE % Calculation

CT 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 )
	=	343.916	/	( ( (6844.789 - 278.66)	+	(6966.564 - 332.934) )	/ 2 )
	=	343.916	/	( (6566.129	+	6633.63)	/ 2 )
	=	343.916	/	6599.8795
	=	5.21 %

CT Real Estate Investment Trust'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 )
	=	526.28	/	( ( (6966.564 - 332.934)	+	(7030.529 - 345.394) )	/ 2 )
	=	526.28	/	( ( 6633.63	+	6685.135 )	/ 2 )
	=	526.28	/	6659.3825
	=	7.90 %

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

CT Real Estate Investment Trust (TSX:CRT.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.

CT Real Estate Investment Trust ROCE % Related Terms

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CT Real Estate Investment Trust (TSX:CRT.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CT Real Estate Investment Trust (TSX:CRT.UN) » Definitions » ROCE %

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CTRRF:USA

Address

2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8

Website

https://www.ctreit.com

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.

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