Sustainable Real Estate Dividend Fund (TSX:MSRE.UN) ROCE % : 4.28% (As of Dec. 2023)

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What is Sustainable Real Estate Dividend Fund 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. Sustainable Real Estate Dividend Fund's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.28%.

Sustainable Real Estate Dividend Fund ROCE % Historical Data

The historical data trend for Sustainable Real Estate Dividend Fund'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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Sustainable Real Estate Dividend Fund ROCE % Chart

Sustainable Real Estate Dividend Fund Annual Data

Trend

Dec22

Dec23

ROCE %

6.85

Sustainable Real Estate Dividend Fund Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-	9.35	4.28

Sustainable Real Estate Dividend Fund ROCE % Calculation

Sustainable Real Estate Dividend Fund'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 )
	=	1.21	/	( ( (20.219 - 2.247)	+	(17.518 - 0.182) )	/ 2 )
	=	1.21	/	( (17.972	+	17.336)	/ 2 )
	=	1.21	/	17.654
	=	6.85 %

Sustainable Real Estate Dividend Fund's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0.75	/	( ( (20.96 - 3.225)	+	(17.518 - 0.182) )	/ 2 )
	=	0.75	/	( ( 17.735	+	17.336 )	/ 2 )
	=	0.75	/	17.5355
	=	4.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Sustainable Real Estate Dividend Fund (TSX:MSRE.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.

Sustainable Real Estate Dividend Fund ROCE % Related Terms

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Sustainable Real Estate Dividend Fund (TSX:MSRE.UN) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

First Canadian Place, 58th Floor, P.O. Box 192, Toronto, ON, CAN, M5X 1A6

Website

https://www.middlefield.com

Sustainable Real Estate Dividend Fund is a closed-ended investment trust. The investment objectives of the Sustainable Real Estate Dividend Fund are to provide holders of units with stable monthly cash distributions and enhanced long-term total return through capital appreciation of the Fund's investment portfolio.

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