Fat Prophets Global Property Fund (ASX:FPP) ROCE % : -2.89% (As of Dec. 2023)

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What is Fat Prophets Global Property Fund 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. Fat Prophets Global Property Fund's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.89%.

Fat Prophets Global Property Fund ROCE % Historical Data

The historical data trend for Fat Prophets Global 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.

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Fat Prophets Global Property Fund ROCE % Chart

Fat Prophets Global Property Fund Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-1.16

-1.99

-2.31

-2.41

-2.88

Fat Prophets Global Property Fund Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							16.41	-22.68	-3.38	-2.50	-2.89

Fat Prophets Global Property Fund ROCE % Calculation

Fat Prophets Global Property Fund's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.559	/	( ( (22.029 - 1.712)	+	(19.201 - 0.708) )	/ 2 )
	=	-0.559	/	( (20.317	+	18.493)	/ 2 )
	=	-0.559	/	19.405
	=	-2.88 %

Fat Prophets Global Property Fund'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 )
	=	-0.55	/	( ( (19.201 - 0.708)	+	(20.21 - 0.653) )	/ 2 )
	=	-0.55	/	( ( 18.493	+	19.557 )	/ 2 )
	=	-0.55	/	19.025
	=	-2.89 %

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

Fat Prophets Global Property Fund (ASX:FPP) 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.

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Fat Prophets Global Property Fund (ASX:FPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fat Prophets Global Property Fund (ASX:FPP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Farrer Place, Level 16, Governor Macquarie Tower, Sydney, NSW, AUS, 2000

Website

http://www.fpproperty.com.au

Fat Prophets Global Property Fund is the investment manager of the Fund. It Fund is an investment trust focused on investments with exposure to real estate. It has a presence in Australia, Singapore, Hong Kong, Japan, the United Kingdom, Europe, and the United States.

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