Arrowhead Properties (JSE:AHB) ROCE % : -2.30% (As of Sep. 2021)

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What is Arrowhead 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. Arrowhead Properties's annualized ROCE % for the quarter that ended in Sep. 2021 was -2.30%.

Arrowhead Properties ROCE % Historical Data

The historical data trend for Arrowhead 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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Arrowhead Properties ROCE % Chart

Arrowhead Properties Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Mar16

Sep17

Sep18

Sep19

Sep20

Sep21

ROCE %

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15.46

5.02

-1.54

-2.23

5.35

Arrowhead Properties Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Sep15	Mar16	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21
ROCE %	Get a 7-Day Free Trial															-7.66	2.67	-7.63	12.29	-2.30

Arrowhead Properties ROCE % Calculation

Arrowhead Properties's annualized ROCE % for the fiscal year that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2021 )		(A: Sep. 2020 )		(A: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2021 )		(A: Sep. 2020 )		(A: Sep. 2021 )
	=	611.252	/	( ( (14434.108 - 2809.6)	+	(12731.791 - 1508.987) )	/ 2 )
	=	611.252	/	( (11624.508	+	11222.804)	/ 2 )
	=	611.252	/	11423.656
	=	5.35 %

Arrowhead Properties's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Mar. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Mar. 2021 )		(Q: Sep. 2021 )
	=	-275.644	/	( ( (13866.468 - 1117.93)	+	(12731.791 - 1508.987) )	/ 2 )
	=	-275.644	/	( ( 12748.538	+	11222.804 )	/ 2 )
	=	-275.644	/	11985.671
	=	-2.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2021) EBIT data.

Arrowhead Properties (JSE:AHB) 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.

Arrowhead Properties ROCE % Related Terms

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Arrowhead Properties (JSE:AHB) Business Description

Industry

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

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Address

1 Sturdee Avenue, (Entrance in Baker Street), 3rd Floor, Upper Building, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.arrowheadproperties.co.za

Arrowhead Properties Ltd is a real estate investment trust. It carries on the business of property investment operating in South Africa. It holds a diverse portfolio of retail, office, and industrial properties. The company's geographical segments include Gauteng; Western Cape; KwaZulu-Natal; Eastern Cape; Limpopo and others. Gauteng regions generate a majority of revenue for the company.

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