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Vividend Management Group (JSE:VIF) ROCE % : 6.32% (As of Feb. 2014)


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What is Vividend Management Group 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. Vividend Management Group's annualized ROCE % for the quarter that ended in Feb. 2014 was 6.32%.


Vividend Management Group ROCE % Historical Data

The historical data trend for Vividend Management Group'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.

* Premium members only.

Vividend Management Group ROCE % Chart

Vividend Management Group Annual Data
Trend Aug11 Aug12 Aug13
ROCE %
7.91 10.43 6.79

Vividend Management Group Semi-Annual Data
Feb11 Feb12 Feb13 Feb14
ROCE % - - - 6.32

Vividend Management Group ROCE % Calculation

Vividend Management Group's annualized ROCE % for the fiscal year that ended in Aug. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Aug. 2013 )  (A: Aug. 2012 )(A: Aug. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Aug. 2013 )  (A: Aug. 2012 )(A: Aug. 2013 )
=118.78/( ( (1455.926 - 89.263) + (2276.2 - 144.957) )/ 2 )
=118.78/( (1366.663+2131.243)/ 2 )
=118.78/1748.953
=6.79 %

Vividend Management Group's ROCE % of for the quarter that ended in Feb. 2014 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2014 )  (Q: Feb. 2013 )(Q: Feb. 2014 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2014 )  (Q: Feb. 2013 )(Q: Feb. 2014 )
=137.652/( ( (1622.53 - 88.751) + (2352.775 - 173.406) )/ 2 )
=137.652/( ( 1533.779 + 2179.369 )/ 2 )
=137.652/1856.574
=7.41 %

(1) Note: The EBIT data used here is one times the annual (Feb. 2014) EBIT data.

* 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.


Vividend Management Group  (JSE:VIF) 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.


Vividend Management Group ROCE % Related Terms

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Vividend Management Group Business Description

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Vividend Management Group was incorporated on 17 February 2010. It is a real estate investment trust ( REIT). The Company's portfolio consists of investments in assets and opportunities within the various property sectors in South Africa and abroad with primary focus on the retail, commercial, industrial and office sectors. The Company own a portfolio of 22 properties providing 223 444 square metres of retail and commercial space.

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