Raven Property Group (JSE:RAV) ROC %: 5.34% (As of Jun. 2021)


What is Raven Property Group ROC %?

Raven Property Group JSE:RAV ROC % is 5.34% as of Jun. 2021.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Raven Property Group's annualized return on capital (ROC %) for the quarter that ended in Jun. 2021 was 5.34%.

As of today (2026-06-24), Raven Property Group's WACC % is 0.00%. Raven Property Group's ROC % is 0.00% (calculated using TTM income statement data). Raven Property Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Raven Property Group  (JSE:RAV) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Raven Property Group's WACC % is 0.00%. Raven Property Group's ROC % is 0.00% (calculated using TTM income statement data). Raven Property Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Raven Property Group ROC % Related Terms


Raven Property Group ROC % Historical Data

* Premium members only.

The historical data trend for Raven Property Group's ROC % 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.

Raven Property Group ROC % Chart

Raven Property Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 5.30 6.81 4.84 0.00

Raven Property Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.63 3.86 7.33 3.68 5.34

Raven Property Group ROC % Calculation

Raven Property Group's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2020 is calculated as:

ROC % (A: Dec. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2019 ) + Invested Capital (A: Dec. 2020 ))/ count )
=1751.992 * ( 1 - 100% )/( (28017.029 + 23735.63)/ 2 )
=0/25876.3295
=0.00 %

where

Invested Capital(A: Dec. 2019 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=28659.134 - 675.573 - ( 1286.174 - max(0, 2111.547 - 2078.079+1286.174))
=28017.029

Invested Capital(A: Dec. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=24585.374 - 533.645 - ( 1062.569 - max(0, 1376.126 - 1692.225+1062.569))
=23735.63

Raven Property Group's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2021 is calculated as:

ROC % (Q: Jun. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2020 ) + Invested Capital (Q: Jun. 2021 ))/ count )
=1558.696 * ( 1 - 17.28% )/( (23735.63 + 24592.058)/ 2 )
=1289.3533312/24163.844
=5.34 %

where

Invested Capital(Q: Dec. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=24585.374 - 533.645 - ( 1062.569 - max(0, 1376.126 - 1692.225+1062.569))
=23735.63

Invested Capital(Q: Jun. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=25492.819 - 685.508 - ( 1035.814 - max(0, 1192.331 - 1407.584+1035.814))
=24592.058

Note: The Operating Income data used here is two times the semi-annual (Jun. 2021) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 5.34% mean?
Raven Property Group (JSE:RAV) has a ROC % of 5.34% as of Jun. 2021. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Raven Property Group and its competitors.
Is Raven Property Group's ROC % too high?
Raven Property Group's current ROC % is 5.34%. The Real Estate industry median ROC % is 2.19. Raven Property Group's value of 5.34% is 143.8% above this industry median.
How does Raven Property Group's ROC % compare to CSGP and CBRE?
Raven Property Group's ROC % of 5.34% can be compared against companies in the Real Estate industry. The industry median ROC % is 2.19. Raven Property Group's value of 5.34% is 143.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Real Estate company?
The median ROC % among Real Estate companies is 2.19, based on 1,757 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Raven Property Group's current ROC % of 5.34% is 143.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Raven Property Group and its competitors. For the Real Estate industry, the median ROC % is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raven Property Group's current ROC % is 5.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raven Property Group stock overvalued right now?
Raven Property Group (JSE:RAV) has a current ROC % of 5.34%. The current ROC % is 5.34% and 143.8% above the Real Estate industry median of 2.19. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Raven Property Group (JSE:RAV), the current ROC % is 5.34% as of Jun. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Raven Property Group Business Description

Address La Vieille Cour, P.O. Box 522, La Plaiderie, Second Floor, St Peter Port, GGY, GY1 6EH
Raven Property Group Ltd, along with its subsidiaries, operates as a property investment group specializing in commercial real estate in Russia. The business activity of the group functions through three operating segments: Property Investment, Roslogistics, and Raven Mount. The Property Investment segment acquires, develops, and leases commercial property in Russia; the Roslogistics segment is engaged in the provision of warehousing, transport, customs brokerage, and related services in Russia; and Raven Mount looks into the sale of residential property in the UK. It generates most of its revenues through the rent of its Moscow properties from the Property Investment segment.