Dipulaome Fund (JSE:DIB) ROCE % : 8.48% (As of Feb. 2024)

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What is Dipulaome 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. Dipulaome Fund's annualized ROCE % for the quarter that ended in Feb. 2024 was 8.48%.

Dipulaome Fund ROCE % Historical Data

The historical data trend for Dipulaome 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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Dipulaome Fund ROCE % Chart

Dipulaome Fund Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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12.83

5.59

10.39

16.32

11.96

Dipulaome Fund Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															11.54	20.66	9.91	13.83	8.48

Dipulaome Fund ROCE % Calculation

Dipulaome Fund's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	1019.1	/	( ( (9973.558 - 1426.233)	+	(10108.28 - 1612.692) )	/ 2 )
	=	1019.1	/	( (8547.325	+	8495.588)	/ 2 )
	=	1019.1	/	8521.4565
	=	11.96 %

Dipulaome Fund's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	785.544	/	( ( (10108.28 - 1612.692)	+	(10230.098 - 207.769) )	/ 2 )
	=	785.544	/	( ( 8495.588	+	10022.329 )	/ 2 )
	=	785.544	/	9258.9585
	=	8.48 %

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

Dipulaome Fund (JSE:DIB) 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.

Dipulaome Fund ROCE % Related Terms

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Dipulaome Fund (JSE:DIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dipula Income Fund Ltd (JSE:DIB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Baker Street, 12th Floor, Firestation Rosebank, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.dipula.co.za

Dipula Income Fund Ltd is a South Africa-based real estate investment trust. It owns a diversified portfolio of investments in different sectors in all nine provinces of South Africa. Its segments include Retail, Offices, Industrial, Land, Residential, and Corporate. A substantial part of the company's overall revenue is derived from its Retail segment. The majority of its properties are in Gauteng.

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