Fairvest (JSE:FTB) ROCE % : 14.98% (As of Sep. 2024)

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What is Fairvest 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. Fairvest's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.98%.

Fairvest ROCE % Historical Data

The historical data trend for Fairvest'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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Fairvest ROCE % Chart

Fairvest Annual Data

Trend

Jun21

Sep23

Sep24

ROCE %

13.78

15.02

12.11

Fairvest Semi-Annual Data
	Jun21	Mar23	Sep23	Mar24	Sep24
ROCE %	-	15.71	10.13	9.47	14.98

Fairvest ROCE % Calculation

Fairvest's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	1363.597	/	( ( (12634.486 - 964.871)	+	(12901.74 - 2055.233) )	/ 2 )
	=	1363.597	/	( (11669.615	+	10846.507)	/ 2 )
	=	1363.597	/	11258.061
	=	12.11 %

Fairvest's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	1647.274	/	( ( (12487.37 - 1346.514)	+	(12901.74 - 2055.233) )	/ 2 )
	=	1647.274	/	( ( 11140.856	+	10846.507 )	/ 2 )
	=	1647.274	/	10993.6815
	=	14.98 %

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

Fairvest (JSE:FTB) 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.

Fairvest ROCE % Related Terms

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Fairvest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fairvest Ltd (JSE:FTB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FTA:South Africa

Address

1 Sturdee Avenue, Rosebank, 3rd Floor, Upper Building, Johannesburg, GT, ZAF, 2196

Website

https://www.fairvest.co.za

Fairvest Ltd is a diversified real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has three operating segments Office, Industrial and Retail. The majority is from the Retail segment. Geographically, it is located in South Africa but its geographic segments ranges in Gauteng, Western Cape, KwaZuluNatal, Eastern Cape, Limpopo, Mpumalanga, North West Northern Cape,Free State and Other. The key revenue here is observed in the western cape region.

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