Fairvest (FRA:2T20) ROCE % : 9.41% (As of Mar. 2024)

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What is Fairvest 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. Fairvest's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.41%.

Fairvest ROCE % Historical Data

The historical data trend for Fairvest'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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Fairvest ROCE % Chart

Fairvest Annual Data

Trend

Jun21

Sep23

ROCE %

13.78

14.44

Fairvest Semi-Annual Data
	Jun21	Mar23	Sep23	Mar24
ROCE %	-	15.14	10.02	9.41

Fairvest ROCE % Calculation

Fairvest's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Jun. 2021 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Jun. 2021 )		(A: Sep. 2023 )
	=	55.111	/	( ( (228.056 - 41.268)	+	(624.207 - 47.669) )	/ 2 )
	=	55.111	/	( (186.788	+	576.538)	/ 2 )
	=	55.111	/	381.663
	=	14.44 %

Fairvest's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	52.714	/	( ( (624.207 - 47.669)	+	(609.534 - 65.726) )	/ 2 )
	=	52.714	/	( ( 576.538	+	543.808 )	/ 2 )
	=	52.714	/	560.173
	=	9.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Fairvest (FRA:2T20) 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.

Fairvest ROCE % Related Terms

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Fairvest (FRA:2T20) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fairvest Ltd (FRA:2T20) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FTA:South Africa FTB:South Africa

Address

34 Bree Street, 8th Floor, The Terraces, Cape Town, WC, ZAF, 8001

Website

https://www.fairvest.co.za

Fairvest Ltd is a real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial, Retail, Residential & Overhead. The majority is from the Retail segment. Geographically, it is located in South Africa.

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