Union Properties PJSC (DFM:UPP) ROCE % : 121.88% (As of Dec. 2023)

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What is Union Properties PJSC 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. Union Properties PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 121.88%.

Union Properties PJSC ROCE % Historical Data

The historical data trend for Union Properties PJSC'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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Union Properties PJSC ROCE % Chart

Union Properties PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.47

9.58

-31.19

4.47

35.12

Union Properties PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.97	6.75	5.80	8.25	121.88

Union Properties PJSC ROCE % Calculation

Union Properties PJSC'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 )
	=	948.832	/	( ( (4078.466 - 1730.49)	+	(4779.752 - 1724.262) )	/ 2 )
	=	948.832	/	( (2347.976	+	3055.49)	/ 2 )
	=	948.832	/	2701.733
	=	35.12 %

Union Properties PJSC'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3305.236	/	( ( (3898.197 - 1529.988)	+	(4779.752 - 1724.262) )	/ 2 )
	=	3305.236	/	( ( 2368.209	+	3055.49 )	/ 2 )
	=	3305.236	/	2711.8495
	=	121.88 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Union Properties PJSC (DFM:UPP) 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.

Union Properties PJSC ROCE % Related Terms

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Union Properties PJSC (DFM:UPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Union Properties PJSC (DFM:UPP) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Union Business Park 1, P.O. Box 24649, Green Community East, Dubai Investment Park 1, Dubai, ARE

Website

https://www.up.ae

Union Properties PJSC is a property development company in the United Arab Emirates. The company has a wide range of projects in its portfolio, including residential, industrial, and leisure development projects. The firm operates out of three segments: real estate, contracting, and goods and services. Property rentals and sales compose the real estate segment. The firm's contracting sector involves mechanical, electrical, and plumbing work, as well as interior architecture construction. In goods and services, the company offers facility management and maintenance services, motor racing services, and sale of goods. The majority of the company's revenue is generated from the goods and services segment.

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