Hospitality Property Fund (JSE:TSP) ROCE %: -0.61% (As of Sep. 2020)

What is Hospitality Property Fund ROCE %?

Hospitality Property Fund JSE:TSP 11 ROCE % is -0.61% as of Sep. 2020. GuruFocus rates JSE:TSP with a GF Score™ of 11/100. The stock has 8 warning signs investors should review.

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. Hospitality Property Fund's annualized ROCE % for the quarter that ended in Sep. 2020 was -0.61%.

Hospitality Property Fund (JSE:TSP) 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.

Hospitality Property Fund ROCE % Related Terms

Hospitality Property Fund ROCE % Historical Data

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The historical data trend for Hospitality 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.

Hospitality Property Fund ROCE % Chart

Hospitality Property Fund Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Mar18

Mar19

Mar20

ROCE %

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11.05

13.65

3.41

-0.09

-16.09

Hospitality Property Fund Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20
ROCE %	Get a 7-Day Free Trial															-1.28	1.16	5.11	-38.25	-0.61

Hospitality Property Fund ROCE % Calculation

Hospitality Property Fund's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-1781.87	/	( ( (12266.597 - 394.767)	+	(10343.024 - 71.084) )	/ 2 )
	=	-1781.87	/	( (11871.83	+	10271.94)	/ 2 )
	=	-1781.87	/	11071.885
	=	-16.09 %

Hospitality Property Fund's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Mar. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Mar. 2020 )		(Q: Sep. 2020 )
	=	-62.814	/	( ( (10343.024 - 71.084)	+	(10247.243 - 49.094) )	/ 2 )
	=	-62.814	/	( ( 10271.94	+	10198.149 )	/ 2 )
	=	-62.814	/	10235.0445
	=	-0.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2020) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -0.61% mean?

Hospitality Property Fund (JSE:TSP) has a ROCE % of -0.61% as of Sep. 2020.

Is Hospitality Property Fund's ROCE % too high?

Hospitality Property Fund's current ROCE % is -0.61%. Overall, Hospitality Property Fund has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.

How does Hospitality Property Fund's ROCE % compare to HST and PK?

Hospitality Property Fund's ROCE % of -0.61% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a REITs company?

The median ROCE % among REITs companies is 5.19, based on 756 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hospitality Property Fund's current ROCE % is -0.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hospitality Property Fund stock overvalued right now?

Hospitality Property Fund (JSE:TSP) has a current ROCE % of -0.61%. The current ROCE % is -0.61%. Hospitality Property Fund's overall GF Score™ is 11/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Hospitality Property Fund (JSE:TSP), the current ROCE % is -0.61% as of Sep. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hospitality Property Fund Business Description

Industry Real Estate REITs

Comparable Companies HST PK APLE XPAR:COVH SHO RHP PEB RLJ TSE:8985 FCPT DRH SVC XHR TSE:3287 INN ASX:LEP HKSE:01881 TSE:3478 XKLS:5109 CLDT

Address Montecasino Boulevard, Palazzo Towers West, Fourways, Johannesburg, ZAF, 2055

Website http://www.hpf.co.za

Hospitality Property Fund Ltd is a specialised real estate investment trust investing in the hotel and leisure sector, providing investors with exposure to both the property and hospitality industries. The company's portfolio caters to a wide-ranging domestic and international market and accommodates various segments including corporate, government, leisure, group conferencing and event business. The properties are well diversified in terms of geographic location and class of hotel, thus mitigating the inherent risks associated within the cyclical nature of the hospitality industry.