AREIT Prop (JSE:APO) ROCE % : -7.22% (As of Dec. 2022)

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What is AREIT Prop 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. AREIT Prop's annualized ROCE % for the quarter that ended in Dec. 2022 was -7.22%.

AREIT Prop ROCE % Historical Data

The historical data trend for AREIT Prop'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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AREIT Prop ROCE % Chart

AREIT Prop Annual Data

Trend

Dec21

Dec22

ROCE %

4.31

AREIT Prop Quarterly Data
	Mar22	Jun22	Sep22	Dec22
ROCE %	7.33	6.37	10.44	-7.22

AREIT Prop ROCE % Calculation

AREIT Prop's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	39.599	/	( ( (913.918 - 0)	+	(923.955 - 0.433) )	/ 2 )
	=	39.599	/	( (913.918	+	923.522)	/ 2 )
	=	39.599	/	918.72
	=	4.31 %

AREIT Prop's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-67.68	/	( ( (950.717 - 0.54)	+	(923.955 - 0.433) )	/ 2 )
	=	-67.68	/	( ( 950.177	+	923.522 )	/ 2 )
	=	-67.68	/	936.8495
	=	-7.22 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

AREIT Prop (JSE:APO) 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.

AREIT Prop ROCE % Related Terms

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AREIT Prop (JSE:APO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AREIT Prop Ltd (JSE:APO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cape Town, Cape Town, ZAF

Website

http://www.areitprop.co.za

AREIT Prop Ltd is a property group holding leasehold properties focused on the hospitality and medical sector, allowing investors to gain exposure to the property ?market without the exposure to property-related expenses, risks, and debt.