Dipula Properties (JSE:DIB) ROCE % : 14.88% (As of Aug. 2024)

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What is Dipula 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. Dipula Properties's annualized ROCE % for the quarter that ended in Aug. 2024 was 14.88%.

Dipula Properties ROCE % Historical Data

The historical data trend for Dipula 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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Dipula Properties ROCE % Chart

Dipula Properties Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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5.59

10.39

16.32

11.96

12.20

Dipula Properties Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
ROCE %	Get a 7-Day Free Trial															20.66	9.91	13.83	8.48	14.88

Dipula Properties ROCE % Calculation

Dipula Properties's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	1152.058	/	( ( (10108.28 - 1612.692)	+	(10579.241 - 191.442) )	/ 2 )
	=	1152.058	/	( (8495.588	+	10387.799)	/ 2 )
	=	1152.058	/	9441.6935
	=	12.20 %

Dipula Properties's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: Feb. 2024 )		(Q: Aug. 2024 )
	=	1518.572	/	( ( (10230.098 - 207.769)	+	(10579.241 - 191.442) )	/ 2 )
	=	1518.572	/	( ( 10022.329	+	10387.799 )	/ 2 )
	=	1518.572	/	10205.064
	=	14.88 %

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

Dipula Properties (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.

Dipula Properties ROCE % Related Terms

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Dipula Properties Business Description

Industry

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

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Address

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

Website

https://www.dipula.co.za

Dipula Properties Ltd Formerly Dipula Income Fund Ltd is a South Africa-based real estate investment trust. It owns a portfolio consisting of defensive urban, township, and rural community retail centers. In addition to retail Dipula also owns industrial and logistics mid-sized properties, office properties in urban areas, and affordable residential rental assets in economically active locations throughout South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment which represents income generated from its portfolio of shopping centres. The majority of its properties are in Gauteng.

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