Salhia Real Estate Co KSCP (KUW:SRE) ROCE % : 5.70% (As of Mar. 2024)

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What is Salhia Real Estate Co KSCP 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. Salhia Real Estate Co KSCP's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.70%.

Salhia Real Estate Co KSCP ROCE % Historical Data

The historical data trend for Salhia Real Estate Co KSCP'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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Salhia Real Estate Co KSCP ROCE % Chart

Salhia Real Estate Co KSCP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.59

6.82

3.14

5.11

5.99

Salhia Real Estate Co KSCP 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															5.04	5.14	7.39	6.22	5.70

Salhia Real Estate Co KSCP ROCE % Calculation

Salhia Real Estate Co KSCP'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 )
	=	23.315	/	( ( (418.841 - 39.568)	+	(458.123 - 58.824) )	/ 2 )
	=	23.315	/	( (379.273	+	399.299)	/ 2 )
	=	23.315	/	389.286
	=	5.99 %

Salhia Real Estate Co KSCP'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 )
	=	24.968	/	( ( (458.123 - 58.824)	+	(522.12 - 44.981) )	/ 2 )
	=	24.968	/	( ( 399.299	+	477.139 )	/ 2 )
	=	24.968	/	438.219
	=	5.70 %

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

Salhia Real Estate Co KSCP (KUW:SRE) 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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Salhia Real Estate Co KSCP (KUW:SRE) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Salhia Real Estate Co KSCP (KUW:SRE) » Definitions » ROCE %

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N/A

Address

Mohammed Thunayan Al-Ghanim Street, P.O. Box 23413, Salhia Complex, Safat, Kuwait City, KWT, 13095

Website

https://www.salhia.com

Salhia Real Estate Co KSC is engaged in real estate leasing and development of commercial properties and hotel operations in Kuwait and the United Kingdom. The company operates its business through three segments: Real Estate Operations, Hotel Operations, and Care Home Operations. Real Estate Operations being the highest revenue generator is engaged in the development and leasing of properties. Hotel Operations consist of the hotel hospitality services provided through JW Marriott Hotel - Kuwait; Courtyard Marriott Hotel-Kuwait; and Arraya Ballroom - Kuwait. Care Home Operations consist of care home activities provided by subsidiary companies. Its primary geographic markets are Kuwait & GCC and Europe.