Jabal Omar Development Co (SAU:4250) ROCE % : -1.60% (As of Dec. 2023)

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What is Jabal Omar Development Co 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. Jabal Omar Development Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.60%.

Jabal Omar Development Co ROCE % Historical Data

The historical data trend for Jabal Omar Development Co'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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Jabal Omar Development Co ROCE % Chart

Jabal Omar Development Co Annual Data

Trend

Dec11

Dec12

Sep15

Sep16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.01

-3.86

8.39

0.31

2.64

Jabal Omar Development Co 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															-1.08	1.69	3.38	6.99	-1.60

Jabal Omar Development Co ROCE % Calculation

Jabal Omar Development Co'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 )
	=	644.805	/	( ( (26512.471 - 2356.582)	+	(27282.698 - 2636.13) )	/ 2 )
	=	644.805	/	( (24155.889	+	24646.568)	/ 2 )
	=	644.805	/	24401.2285
	=	2.64 %

Jabal Omar Development Co'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 )
	=	-397.688	/	( ( (27804.418 - 2872.554)	+	(27282.698 - 2636.13) )	/ 2 )
	=	-397.688	/	( ( 24931.864	+	24646.568 )	/ 2 )
	=	-397.688	/	24789.216
	=	-1.60 %

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

Jabal Omar Development Co (SAU:4250) 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.

Jabal Omar Development Co ROCE % Related Terms

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Jabal Omar Development Co (SAU:4250) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Jabal Omar Project, P.O.box 56968, Al-Shubaikah District, Makkah, SAU

Website

https://www.jabalomar.com.sa

Jabal Omar Development Co is engaged in the construction, management, and development of real estate properties located in the Omar mountain area in Saudi Arabia. The company's segment includes Operating Hotels; Commercial centers and Properties for development and sale. It generates maximum revenue from the Operating Hotels segment.

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