Dawn Properties (XZIM:DAWN.ZW) ROCE % : 61.63% (As of Jun. 2020)

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What is Dawn 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. Dawn Properties's annualized ROCE % for the quarter that ended in Jun. 2020 was 61.63%.

Dawn Properties ROCE % Historical Data

The historical data trend for Dawn 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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Dawn Properties ROCE % Chart

Dawn Properties Annual Data

Trend

Mar09

Mar11

Mar12

Dec18

Dec19

ROCE %

1.02

12.82

1.54

0.19

85.68

Dawn Properties Semi-Annual Data
	Mar09	Mar11	Sep11	Mar12	Sep12	Jun18	Dec18	Jun19	Dec19	Jun20
ROCE %	Get a 7-Day Free Trial					0.01	9.12	1,208.73	-525.16	61.63

Dawn Properties ROCE % Calculation

Dawn Properties's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	913.619	/	( ( (637.605 - 20.177)	+	(1523.178 - 7.898) )	/ 2 )
	=	913.619	/	( (617.428	+	1515.28)	/ 2 )
	=	913.619	/	1066.354
	=	85.68 %

Dawn Properties's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	1996.864	/	( ( (1523.178 - 7.898)	+	(4981.442 - 16.337) )	/ 2 )
	=	1996.864	/	( ( 1515.28	+	4965.105 )	/ 2 )
	=	1996.864	/	3240.1925
	=	61.63 %

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

Dawn Properties (XZIM:DAWN.ZW) 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.

Dawn Properties ROCE % Related Terms

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Dawn Properties (XZIM:DAWN.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dawn Properties Ltd (XZIM:DAWN.ZW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Nelson Mandela Avenue, 8th Floor, Beverley Court, Harare, ZWE

Website

http://www.dawnpropertieslimited.co.zw

Dawn Properties Ltd is a Zimbabwe-based company which operates in the Real Estate industry. The company's operating segment includes Property investments; Property consultancy and Property development. Property investments segment principal business is that of investing in investment properties in the form of seven hotel properties and tracts of land. It generates maximum revenue from the Property investments in the form of rental income from lessees and property valuation, management, and consultancy services.

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