New Frontier Properties (JSE:NFP) ROCE % : 4.76% (As of May. 2020)

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What is New Frontier Properties 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. New Frontier Properties's annualized ROCE % for the quarter that ended in May. 2020 was 4.76%.

New Frontier Properties ROCE % Historical Data

The historical data trend for New Frontier Properties'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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New Frontier Properties ROCE % Chart

New Frontier Properties Annual Data

Trend

Dec14

Aug16

Aug17

Aug18

Aug19

ROCE %

2.57

2.03

-34.44

-103.39

New Frontier Properties Quarterly Data
	May15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
ROCE %	Get a 7-Day Free Trial															-261.20	-71.93	426.04	-0.90	4.76

New Frontier Properties ROCE % Calculation

New Frontier Properties's annualized ROCE % for the fiscal year that ended in Aug. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2019 )		(A: Aug. 2018 )		(A: Aug. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2019 )		(A: Aug. 2018 )		(A: Aug. 2019 )
	=	-1141.561	/	( ( (3682.605 - 659.349)	+	(2253.104 - 3068.065) )	/ 2 )
	=	-1141.561	/	( (3023.256	+	-814.961)	/ 2 )
	=	-1141.561	/	1104.1475
	=	-103.39 %

New Frontier Properties's ROCE % of for the quarter that ended in May. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2020 )		(Q: Feb. 2020 )		(Q: May. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2020 )		(Q: Feb. 2020 )		(Q: May. 2020 )
	=	42.048	/	( ( (1399.001 - 571.706)	+	(1554.936 - 613.914) )	/ 2 )
	=	42.048	/	( ( 827.295	+	941.022 )	/ 2 )
	=	42.048	/	884.1585
	=	4.76 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2020) EBIT data.

New Frontier Properties (JSE:NFP) 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.

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New Frontier Properties (JSE:NFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » New Frontier Properties Ltd (JSE:NFP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B45 Twenty Foot Road, 5th Floor, La Croisette, Grand Baie, MUS

Website

http://newfrontierprop.com

New Frontier Properties Ltd operates as a UK real estate investment trust. The company's primary objective is to acquire and develop good quality, income-generating retail and logistics property in the UK and Europe. Its investment portfolio comprises UK shopping centers, Cleveland Centre in Middlesbrough, Coopers Square in Burton upon Trent, and Houndshill Shopping Centre in Blackpool.

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