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National Takaful Co (Watania) PJSC (ADX:WATANIA) ROC % : 0.00% (As of Dec. 2021)


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What is National Takaful Co (Watania) PJSC ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. National Takaful Co (Watania) PJSC's annualized return on capital (ROC %) for the quarter that ended in Dec. 2021 was 0.00%.

As of today (2024-05-20), National Takaful Co (Watania) PJSC's WACC % is 0.00%. National Takaful Co (Watania) PJSC's ROC % is 0.00% (calculated using TTM income statement data). National Takaful Co (Watania) PJSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.


National Takaful Co (Watania) PJSC ROC % Historical Data

The historical data trend for National Takaful Co (Watania) PJSC's ROC % 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.

National Takaful Co (Watania) PJSC ROC % Chart

National Takaful Co (Watania) PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.83 3.00 3.93 5.15 2.19

National Takaful Co (Watania) PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
ROC % 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 0.88 4.62 3.54 0.79 -

National Takaful Co (Watania) PJSC ROC % Calculation

National Takaful Co (Watania) PJSC's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2021 is calculated as:

ROC % (A: Dec. 2021 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2020 ) + Invested Capital (A: Dec. 2021 ))/ count )
=7.906 * ( 1 - 0% )/( (360.43275 + 361.0662)/ 2 )
=7.906/360.749475
=2.19 %

where

Invested Capital(A: Dec. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=516.293 - 128.458 - ( 38.604 - 5% * 224.035 )
=360.43275

Invested Capital(A: Dec. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=511.322 - 109.618 - ( 51.659 - 5% * 220.424 )
=361.0662

National Takaful Co (Watania) PJSC's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2021 is calculated as:

ROC % (Q: Dec. 2021 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2021 ) + Invested Capital (Q: Dec. 2021 ))/ count )
=-0.004 * ( 1 - 0% )/( (356.04865 + 353.16385)/ 2 )
=-0.004/354.60625
=-0.00 %

where

Invested Capital(Q: Sep. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=503.409 - 107.205 - ( 42.715 - 5% * 51.193 )
=356.04865

Invested Capital(Q: Dec. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=511.322 - 109.618 - ( 51.659 - 5% * 62.377 )
=353.16385

Note: The EBIT data used here is four times the quarterly (Dec. 2021) data.

* 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.


National Takaful Co (Watania) PJSC  (ADX:WATANIA) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. 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 ROC % 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, National Takaful Co (Watania) PJSC's WACC % is 0.00%. National Takaful Co (Watania) PJSC's ROC % is 0.00% (calculated using TTM income statement data). National Takaful Co (Watania) PJSC 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 %, ROC % 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.


National Takaful Co (Watania) PJSC ROC % Related Terms

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National Takaful Co (Watania) PJSC (ADX:WATANIA) Business Description

Traded in Other Exchanges
N/A
Address
Al Muroor Road (4th Street), Al Jazira Sports Complex, P.O. Box 6457, 4th Floor, Tower A, Opposite to Dusit Thani Hotel, Abu Dhabi, ARE
National Takaful Co (Watania) PJSC is primarily engaged in providing all classes of non-family takaful solutions. The company underwrites mainly medical, property, engineering, motor, miscellaneous accident, marine and personal accident classes. The segments of the company are Medical and Non-Medical. The company operates its business in the United States of Emirates.

National Takaful Co (Watania) PJSC (ADX:WATANIA) Headlines

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