Emira Property Fund (JSE:EMI) ROCE % : 5.96% (As of Sep. 2023)

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What is Emira 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. Emira Property Fund's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.96%.

Emira Property Fund ROCE % Historical Data

The historical data trend for Emira 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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Emira Property Fund ROCE % Chart

Emira Property Fund Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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10.38

10.40

-2.55

7.23

11.25

Emira Property Fund Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23
ROCE %	Get a 7-Day Free Trial															11.54	8.79	14.93	12.44	5.96

Emira Property Fund ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	1368.342	/	( ( (13281.37 - 1198.561)	+	(14071.564 - 1830.211) )	/ 2 )
	=	1368.342	/	( (12082.809	+	12241.353)	/ 2 )
	=	1368.342	/	12162.081
	=	11.25 %

Emira 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: Dec. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	812.994	/	( ( (16335.235 - 2645.979)	+	(15726.529 - 2144.962) )	/ 2 )
	=	812.994	/	( ( 13689.256	+	13581.567 )	/ 2 )
	=	812.994	/	13635.4115
	=	5.96 %

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

Emira Property Fund (JSE:EMI) 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.

Emira Property Fund ROCE % Related Terms

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Emira Property Fund (JSE:EMI) Business Description

Industry

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

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N/A

Address

33 Sloane Street, 1st Floor, Block A, Knightsbridge, Bryanston, Johannesburg, GT, ZAF, 2191

Website

https://www.emira.co.za

Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential and industrial properties. Most of the properties are in Gauteng, with the others in Western Cape and KwaZulu-Natal. The company operates through five segments namely: Office; Retail; Industrial; Residential and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties.

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