SAorate Real Estate (JSE:SAC) ROCE % : 13.86% (As of Dec. 2023)

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What is SAorate Real Estate 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. SAorate Real Estate's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.86%.

SAorate Real Estate ROCE % Historical Data

The historical data trend for SAorate Real Estate'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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SAorate Real Estate ROCE % Chart

SAorate Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.11

-5.60

6.85

8.03

10.62

SAorate Real Estate Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.47	11.10	6.76	8.64	13.86

SAorate Real Estate ROCE % Calculation

SAorate Real Estate's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1873.783	/	( ( (17533.845 - 805.896)	+	(19933.224 - 1375.048) )	/ 2 )
	=	1873.783	/	( (16727.949	+	18558.176)	/ 2 )
	=	1873.783	/	17643.0625
	=	10.62 %

SAorate Real Estate's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	2357.116	/	( ( (17203.586 - 1748.424)	+	(19933.224 - 1375.048) )	/ 2 )
	=	2357.116	/	( ( 15455.162	+	18558.176 )	/ 2 )
	=	2357.116	/	17006.669
	=	13.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

SAorate Real Estate (JSE:SAC) 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.

SAorate Real Estate ROCE % Related Terms

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SAorate Real Estate (JSE:SAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SA Corporate Real Estate Ltd (JSE:SAC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Corner Lower Road and West Road South, GreenPark Corner, 16th Floor, Morningside, Johannesburg, GT, ZAF, 2196

Website

https://www.sacorporatefund.co.za

SA Corporate Real Estate Ltd is a real estate investment trust. The company's portfolio includes mostly industrial and retail properties, with the remainder inner-city residential and commercial assets. The properties are mainly located in the metropolitan centres of South Africa, with more than half located in Gauteng, approximately one third in KwaZulu-Natal, and the others in Western Cape and other regions. The company's tenants consist of large national tenants, government tenants and franchisees.

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