Afine Investments (JSE:ANI) ROCE % : 11.32% (As of Aug. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Afine Investments 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. Afine Investments's annualized ROCE % for the quarter that ended in Aug. 2023 was 11.32%.

Afine Investments ROCE % Historical Data

The historical data trend for Afine Investments'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.

Afine Investments ROCE % Chart

Afine Investments Annual Data

Trend

Feb21

Feb22

Feb23

ROCE %

141.47

12.89

Afine Investments Semi-Annual Data
	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	153.31	5.13	14.26	10.84	11.32

Afine Investments ROCE % Calculation

Afine Investments's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	42.108	/	( ( (309.66 - 13.315)	+	(374.089 - 17.171) )	/ 2 )
	=	42.108	/	( (296.345	+	356.918)	/ 2 )
	=	42.108	/	326.6315
	=	12.89 %

Afine Investments's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	40.598	/	( ( (374.089 - 17.171)	+	(376.24 - 15.758) )	/ 2 )
	=	40.598	/	( ( 356.918	+	360.482 )	/ 2 )
	=	40.598	/	358.7
	=	11.32 %

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

Afine Investments (JSE:ANI) 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.

Afine Investments ROCE % Related Terms

Thank you for viewing the detailed overview of Afine Investments's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Afine Investments (JSE:ANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Afine Investments Ltd (JSE:ANI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140

Website

https://www.afineinvestments.com

Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segment majority of revenue is generated from Gauteng and North-West.

Afine Investments (JSE:ANI) Headlines

No Headlines