Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) ROCE % : 9.02% (As of Mar. 2024)

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What is Al-Mazaya Holding Co K.S.C.P 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. Al-Mazaya Holding Co K.S.C.P's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.02%.

Al-Mazaya Holding Co K.S.C.P ROCE % Historical Data

The historical data trend for Al-Mazaya Holding Co K.S.C.P'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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Al-Mazaya Holding Co K.S.C.P ROCE % Chart

Al-Mazaya Holding Co K.S.C.P Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.35

-1.33

2.80

-3.13

2.44

Al-Mazaya Holding Co K.S.C.P Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.28	-1.00	9.33	-3.03	9.02

Al-Mazaya Holding Co K.S.C.P ROCE % Calculation

Al-Mazaya Holding Co K.S.C.P'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 )
	=	4.036	/	( ( (203.112 - 19.802)	+	(164.451 - 16.645) )	/ 2 )
	=	4.036	/	( (183.31	+	147.806)	/ 2 )
	=	4.036	/	165.558
	=	2.44 %

Al-Mazaya Holding Co K.S.C.P's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	13.068	/	( ( (164.451 - 16.645)	+	(152.125 - 10.12) )	/ 2 )
	=	13.068	/	( ( 147.806	+	142.005 )	/ 2 )
	=	13.068	/	144.9055
	=	9.02 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) 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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Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) » Definitions » ROCE %

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MAZAYA:United Arab Emirates

Address

Al-Mazaya Tower 01, P.O. Box 3546, 1 - 23th Floor, Al Murqab, Safat, Kuwait, KWT, 13036

Website

http://www.mazayaholding.com

Al-Mazaya Holding Co K.S.C.P is engaged in real estate development and investment activities. It provides real estate products and services in several fields, including housing projects, such as deluxe villas and high-class residential buildings, and commercial projects, such as office and retail buildings. The company is also engaged in other real estate fields to include purchasing, ownership, and selling of lands and their development for the account of the company inside and outside of Kuwait. Its geographical segments include Kuwait; United Arab Emirates (UAE); Kingdom of Saudi Arabia (KSA), Turkey and other countries. The company derives a majority of revenue from the United Arab Emirates.

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