Accelerate Property Fund (JSE:APF) ROCE % : -2.09% (As of Sep. 2024)

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What is Accelerate Property Fund 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. Accelerate Property Fund's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.09%.

Accelerate Property Fund ROCE % Historical Data

The historical data trend for Accelerate Property Fund'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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Accelerate Property Fund ROCE % Chart

Accelerate Property Fund Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-3.77

-3.38

3.28

-2.38

-0.04

Accelerate Property Fund Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															7.89	-14.26	3.90	-4.45	-2.09

Accelerate Property Fund ROCE % Calculation

Accelerate Property Fund's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-2.865	/	( ( (10342.683 - 2927.293)	+	(9745.877 - 3944.402) )	/ 2 )
	=	-2.865	/	( (7415.39	+	5801.475)	/ 2 )
	=	-2.865	/	6608.4325
	=	-0.04 %

Accelerate Property Fund's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-113.198	/	( ( (9745.877 - 3944.402)	+	(8974.579 - 3932.657) )	/ 2 )
	=	-113.198	/	( ( 5801.475	+	5041.922 )	/ 2 )
	=	-113.198	/	5421.6985
	=	-2.09 %

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

Accelerate Property Fund (JSE:APF) 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.

Accelerate Property Fund ROCE % Related Terms

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Accelerate Property Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Accelerate Property Fund Ltd (JSE:APF) » Definitions » ROCE %

Comparable Companies

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N/A

Address

1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055

Website

https://www.acceleratepf.co.za

Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. European single-tenant segment acquires develops and leases single-tenant space backed by long-term leases. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.

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