Castleview Property Fund (JSE:CVW) ROCE % : 3.98% (As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Castleview 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. Castleview Property Fund's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.98%.

Castleview Property Fund ROCE % Historical Data

The historical data trend for Castleview 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.

* Premium members only.

Castleview Property Fund ROCE % Chart

Castleview Property Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

ROCE %

7.58

12.97

-5.69

11.98

Castleview Property Fund Semi-Annual Data
	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Sep23
ROCE %	Get a 7-Day Free Trial						17.10	4.98	42.21	48.72	3.98

Castleview Property Fund ROCE % Calculation

Castleview Property Fund's annualized ROCE % for the fiscal year that ended in Feb. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	31.042	/	( ( (325.328 - 171.328)	+	(371.8 - 7.669) )	/ 2 )
	=	31.042	/	( (154	+	364.131)	/ 2 )
	=	31.042	/	259.0655
	=	11.98 %

Castleview Property Fund's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Feb. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Feb. 2023 )		(Q: Sep. 2023 )
	=	761.95	/	( ( (22112.336 - 2829.105)	+	(21734.022 - 2693.477) )	/ 2 )
	=	761.95	/	( ( 19283.231	+	19040.545 )	/ 2 )
	=	761.95	/	19161.888
	=	3.98 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Castleview Property Fund (JSE:CVW) 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.

Castleview Property Fund ROCE % Related Terms

Thank you for viewing the detailed overview of Castleview Property Fund's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Castleview Property Fund (JSE:CVW) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Hudson Street, De Waterkant, Woodstock, Cape Town, WC, ZAF, 8001

Website

https://www.castleview.co.za

Castleview Property Fund Ltd is a property holding and investment company in South Africa. Principally, it invests in a diversified portfolio of retail properties situated in South Africa. The company also invests in regional shopping centers like Pier 14 Shopping Centre located in the Eastern Cape.

Castleview Property Fund (JSE:CVW) Headlines

No Headlines