Dasin Retail Trust (SGX:CEDU) ROIC %: 1.33% (As of Sep. 2023)

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What is Dasin Retail Trust ROIC %?

Dasin Retail Trust SGX:CEDU ROIC % is 1.33% as of Sep. 2023.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Dasin Retail Trust's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2023 was 1.33%.

As of today (2026-07-21), Dasin Retail Trust's WACC % is 0.00%. Dasin Retail Trust's ROIC % is 0.00% (calculated using TTM income statement data). Dasin Retail Trust earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Dasin Retail Trust  (SGX:CEDU) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Dasin Retail Trust's WACC % is 0.00%. Dasin Retail Trust's ROIC % is 0.00% (calculated using TTM income statement data). Dasin Retail Trust earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Dasin Retail Trust ROIC % Related Terms


Dasin Retail Trust ROIC % Historical Data

* Premium members only.

The historical data trend for Dasin Retail Trust's ROIC % 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.

Dasin Retail Trust ROIC % Chart

Dasin Retail Trust Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.18 1.96 0.98

Dasin Retail Trust Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.47 0.60 0.73 1.17 1.33

Dasin Retail Trust ROIC % Competitor Comparison

For the Real Estate - Development subindustry, Dasin Retail Trust's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dasin Retail Trust ROIC % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Dasin Retail Trust's ROIC % distribution charts can be found below:

* The bar in red indicates where Dasin Retail Trust's ROIC % falls into.



Dasin Retail Trust ROIC % Calculation

Dasin Retail Trust's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2022 is calculated as:

ROIC % (A: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2021 ) + Invested Capital (A: Dec. 2022 ))/ count )
=37.388 * ( 1 - 21.37% )/( (3172.965 + 2797.47)/ 2 )
=29.3981844/2985.2175
=0.98 %

where

Invested Capital(A: Dec. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2540.017 - 30.221 - ( 119.222 - max(0, 806.061 - 142.892+119.222))
=3172.965

Dasin Retail Trust's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Sep. 2023 is calculated as:

ROIC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=35.196 * ( 1 - 0% )/( (2636.419 + 2647.435)/ 2 )
=35.196/2641.927
=1.33 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1811.837 - 48.12 - ( 105.029 - max(0, 988.672 - 115.97+105.029))
=2636.419

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1820.162 - 59.297 - ( 102.095 - max(0, 999.245 - 112.675+102.095))
=2647.435

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 1.33% mean?
Dasin Retail Trust (SGX:CEDU) has a ROIC % of 1.33% as of Sep. 2023. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Dasin Retail Trust and its competitors.
Is Dasin Retail Trust's ROIC % too high?
Dasin Retail Trust's current ROIC % is 1.33%. The Real Estate industry median ROIC % is 2.19. Dasin Retail Trust's value of 1.33% is 39.3% below this industry median.
How does Dasin Retail Trust's ROIC % compare to competitors?
Dasin Retail Trust's ROIC % of 1.33% can be compared against companies in the Real Estate industry. The industry median ROIC % is 2.19. Dasin Retail Trust's value of 1.33% is 39.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Real Estate company?
The median ROIC % among Real Estate companies is 2.19, based on 1,758 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dasin Retail Trust's current ROIC % of 1.33% is 39.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Dasin Retail Trust and its competitors. For the Real Estate industry, the median ROIC % is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dasin Retail Trust's current ROIC % is 1.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dasin Retail Trust stock overvalued right now?
Dasin Retail Trust (SGX:CEDU) has a current ROIC % of 1.33%. The current ROIC % is 1.33% and 39.3% below the Real Estate industry median of 2.19. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Dasin Retail Trust (SGX:CEDU), the current ROIC % is 1.33% as of Sep. 2023. 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.

Dasin Retail Trust Business Description

Address 138 Market Street, CapitaGreen No 26-02, Singapore, SGP, 048946
Dasin Retail Trust is a China retail property trust. The Trust's mandate is to invest in, own or develop land, uncompleted developments and income-producing real estate in Greater China used primarily for retail purposes, as well as real estate related assets, with a focus on retail malls. The Trust's portfolio comprises seven retail malls located in Zhongshan, Zhuhai and Foshan cities in Guangdong, PRC. The Trust is managed by Dasin Retail Trust Management Pte Ltd in its capacity as the Trustee-Manager. The Trust's reporting segments are Shiqi Metro Mall, Xiaolan Metro Mall, Ocean Metro Mall, Dasin E-Colour, Doumen Metro Mall, Shunde Metro Mall and Tanbei Metro Mall.