CVC Property Fund (ASX:CJT) ROCE % : 14.97% (As of Dec. 2014)

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What is CVC Property 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. CVC Property Fund's annualized ROCE % for the quarter that ended in Dec. 2014 was 14.97%.

CVC Property Fund ROCE % Historical Data

The historical data trend for CVC Property 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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CVC Property Fund ROCE % Chart

CVC Property Fund Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

ROCE %

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-5.64

7.42

-0.62

11.92

5.99

CVC Property Fund Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
ROCE %	Get a 7-Day Free Trial															12.48	8.57	3.01	8.95	14.97

CVC Property Fund ROCE % Calculation

CVC Property Fund's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	1.831	/	( ( (33.185 - 0.368)	+	(28.711 - 0.371) )	/ 2 )
	=	1.831	/	( (32.817	+	28.34)	/ 2 )
	=	1.831	/	30.5785
	=	5.99 %

CVC Property Fund's ROCE % of for the quarter that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	3.114	/	( ( (28.711 - 0.371)	+	(28.597 - 15.337) )	/ 2 )
	=	3.114	/	( ( 28.34	+	13.26 )	/ 2 )
	=	3.114	/	20.8
	=	14.97 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2014) EBIT data.

CVC Property Fund (ASX:CJT) 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.

CVC Property Fund ROCE % Related Terms

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CVC Property Fund (ASX:CJT) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CVC Property Fund (ASX:CJT) » Definitions » ROCE %

Comparable Companies

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Address

Website

http://www.cvc.com.au

CVC Property Fund (CJT, formerly Taragon Property Fund) is a listed registered managed investment scheme domiciled in Australia.

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