Redefine Properties (JSE:RDF) ROCE % : 6.30% (As of Feb. 2024)

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What is Redefine 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. Redefine Properties's annualized ROCE % for the quarter that ended in Feb. 2024 was 6.30%.

Redefine Properties ROCE % Historical Data

The historical data trend for Redefine 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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Redefine Properties ROCE % Chart

Redefine Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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6.42

-15.34

8.17

14.32

5.51

Redefine Properties 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															9.63	20.13	5.65	5.30	6.30

Redefine Properties ROCE % Calculation

Redefine Properties'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 )
	=	4834.489	/	( ( (92405.801 - 7304.311)	+	(99448.195 - 9061.785) )	/ 2 )
	=	4834.489	/	( (85101.49	+	90386.41)	/ 2 )
	=	4834.489	/	87743.95
	=	5.51 %

Redefine Properties'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 )
	=	5838.408	/	( ( (99448.195 - 9061.785)	+	(102863.773 - 7862.766) )	/ 2 )
	=	5838.408	/	( ( 90386.41	+	95001.007 )	/ 2 )
	=	5838.408	/	92693.7085
	=	6.30 %

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

Redefine Properties (JSE:RDF) 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.

Redefine Properties ROCE % Related Terms

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Redefine Properties Business Description

Industry

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

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Address

155 West Street, 4th floor, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.redefine.co.za

Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland .Within South Africa, over half of the company's properties are in the province of Gauteng in terms of total value. The group comprises of segments in the local portfolio, being office, retail, industrial, specialised and head office, and the international portfolio being EPP, Redefine Europe and other. Majority of revenue is generated from EPP, international portfolio.

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