Acucap Properties (JSE:ACP) ROCE % : 9.80% (As of Sep. 2014)

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What is Acucap 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. Acucap Properties's annualized ROCE % for the quarter that ended in Sep. 2014 was 9.80%.

Acucap Properties ROCE % Historical Data

The historical data trend for Acucap 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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Acucap Properties ROCE % Chart

Acucap Properties Annual Data

Trend

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

ROCE %

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12.31

16.58

12.71

12.01

12.35

Acucap Properties Semi-Annual Data
	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14
ROCE %	Get a 7-Day Free Trial					6.79	17.27	13.83	11.08	9.80

Acucap Properties ROCE % Calculation

Acucap Properties's annualized ROCE % for the fiscal year that ended in Mar. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2014 )		(A: Mar. 2013 )		(A: Mar. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2014 )		(A: Mar. 2013 )		(A: Mar. 2014 )
	=	1292.145	/	( ( (10348.663 - 825.209)	+	(12572.756 - 1171.804) )	/ 2 )
	=	1292.145	/	( (9523.454	+	11400.952)	/ 2 )
	=	1292.145	/	10462.203
	=	12.35 %

Acucap Properties's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Mar. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Mar. 2014 )		(Q: Sep. 2014 )
	=	1491.102	/	( ( (12572.756 - 1171.804)	+	(20081.536 - 1057.992) )	/ 2 )
	=	1491.102	/	( ( 11400.952	+	19023.544 )	/ 2 )
	=	1491.102	/	15212.248
	=	9.80 %

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

Acucap Properties (JSE:ACP) 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.

Acucap Properties ROCE % Related Terms

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Acucap Properties (JSE:ACP) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Acucap Properties Ltd (JSE:ACP) » Definitions » ROCE %

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Acucap Properties Ltd carries on the business of a property holding company through the ownership of investment properties by its wholly owned subsidiaries. Its segments include Retail, Offices, Industrial, Property development and Storage.