Secure Property Development & Investment (LSE:SPDI) ROCE % : 2.84% (As of Jun. 2023)

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What is Secure Property Development & Investment 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. Secure Property Development & Investment's annualized ROCE % for the quarter that ended in Jun. 2023 was 2.84%.

Secure Property Development & Investment ROCE % Historical Data

The historical data trend for Secure Property Development & Investment'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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Secure Property Development & Investment ROCE % Chart

Secure Property Development & Investment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-2.21

-5.08

-3.27

1.31

-4.69

Secure Property Development & Investment Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															2.43	0.19	-4.57	-4.55	2.84

Secure Property Development & Investment ROCE % Calculation

Secure Property Development & Investment's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.927	/	( ( (45.168 - 19.006)	+	(26.209 - 12.832) )	/ 2 )
	=	-0.927	/	( (26.162	+	13.377)	/ 2 )
	=	-0.927	/	19.7695
	=	-4.69 %

Secure Property Development & Investment's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0.368	/	( ( (26.209 - 12.832)	+	(25.053 - 12.547) )	/ 2 )
	=	0.368	/	( ( 13.377	+	12.506 )	/ 2 )
	=	0.368	/	12.9415
	=	2.84 %

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

Secure Property Development & Investment (LSE:SPDI) 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.

Secure Property Development & Investment ROCE % Related Terms

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Secure Property Development & Investment (LSE:SPDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Secure Property Development & Investment PLC (LSE:SPDI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPDI.GB:UK

Address

6 Nikiforou Foka Street, Nicosia, CYP, 1060

Website

http://www.secure-property.eu

Secure Property Development & Investment PLC is engaged in the acquisition, development, and management of real estate properties and projects. The company's operating segments include Warehouse, Office, Retail, Residential, Land Assets, and Corporate.

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