Dream Residential REIT (Dream Residential REIT) ROCE % : 14.63% (As of Jun. 2023)

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What is Dream Residential REIT 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. Dream Residential REIT's annualized ROCE % for the quarter that ended in Jun. 2023 was 14.63%.

Dream Residential REIT ROCE % Historical Data

The historical data trend for Dream Residential REIT'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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Dream Residential REIT ROCE % Chart

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

ROCE %

-1.39

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			30.65	-	-8.96	14.63	-

Dream Residential REIT ROCE % Calculation

Dream Residential REIT'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 )
	=	-5.081	/	( ( (432.504 - 56.437)	+	(411.926 - 55.723) )	/ 2 )
	=	-5.081	/	( (376.067	+	356.203)	/ 2 )
	=	-5.081	/	366.135
	=	-1.39 %

Dream Residential REIT's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	54.408	/	( ( (437.488 - 70.127)	+	(437.179 - 60.617) )	/ 2 )
	=	54.408	/	( ( 367.361	+	376.562 )	/ 2 )
	=	54.408	/	371.9615
	=	14.63 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

Dream Residential REIT (OTCPK:DRREF) 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.

Dream Residential REIT ROCE % Related Terms

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Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.