Equites Property Fund (JSE:EQU) ROCE % : 9.24% (As of Feb. 2024)

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What is Equites 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. Equites Property Fund's annualized ROCE % for the quarter that ended in Feb. 2024 was 9.24%.

Equites Property Fund ROCE % Historical Data

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

Equites Property Fund Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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5.40

3.70

12.23

0.39

7.92

Equites Property 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															11.04	11.11	-10.72	6.62	9.24

Equites Property Fund ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	2020.121	/	( ( (28545.256 - 4232.812)	+	(30223.16 - 3550.34) )	/ 2 )
	=	2020.121	/	( (24312.444	+	26672.82)	/ 2 )
	=	2020.121	/	25492.632
	=	7.92 %

Equites Property 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 )
	=	2400.472	/	( ( (29909.88 - 4647.96)	+	(30223.16 - 3550.34) )	/ 2 )
	=	2400.472	/	( ( 25261.92	+	26672.82 )	/ 2 )
	=	2400.472	/	25967.37
	=	9.24 %

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

Equites Property Fund (JSE:EQU) 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.

Equites Property Fund ROCE % Related Terms

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Equites Property Fund (JSE:EQU) Business Description

Industry

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

Comparable Companies

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Address

4 Bree Street, 14th Floor, Portside Towers, Cape Town, WC, ZAF, 8001

Website

https://www.equites.co.za

Equites Property Fund Ltd is a real estate investment trust based in South Africa. It is engaged in the investment in and development of commercial properties in the industrial sector. The group has assessed its operations and determined its segments in line with the clear geographic distinction between South Africa and the United Kingdom. SA Industrial segment generates the revenue.

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