Al Rajhi REIT Fund (SAU:4340) ROCE % : 7.60% (As of Dec. 2023)

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What is Al Rajhi REIT Fund 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 Rajhi REIT Fund's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.60%.

Al Rajhi REIT Fund ROCE % Historical Data

The historical data trend for Al Rajhi REIT Fund'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 Rajhi REIT Fund ROCE % Chart

Al Rajhi REIT Fund Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.95

1.82

-7.35

6.97

4.85

Al Rajhi REIT Fund Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-0.53	7.63	6.11	2.74	7.60

Al Rajhi REIT Fund ROCE % Calculation

Al Rajhi REIT Fund'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 )
	=	127.713	/	( ( (2186.582 - 29.641)	+	(3136.064 - 25.925) )	/ 2 )
	=	127.713	/	( (2156.941	+	3110.139)	/ 2 )
	=	127.713	/	2633.54
	=	4.85 %

Al Rajhi REIT Fund'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	197.376	/	( ( (3132.848 - 1049.59)	+	(3136.064 - 25.925) )	/ 2 )
	=	197.376	/	( ( 2083.258	+	3110.139 )	/ 2 )
	=	197.376	/	2596.6985
	=	7.60 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Al Rajhi REIT Fund (SAU:4340) 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.

Al Rajhi REIT Fund ROCE % Related Terms

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Al Rajhi REIT Fund (SAU:4340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Al Rajhi REIT Fund (SAU:4340) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

King Fahad Road, Unit No. 1, PO Box 5561, Al Muruj District, Riyadh, SAU, 11432

Website

https://www.alrajhi-capital.com

Al Rajhi REIT Fund is a close-ended real estate investment traded fund. The investment objective of the company is to invest in income-generating real estate assets. It is divided into four divisions namely Brokerage, Asset Management, Investment Banking, and Research. The Brokerage Division offers a comprehensive brokerage and execution service, The Asset management division manages global, regional, and local mutual funds. Investment Banking offers a complete range of strategic financial advisory services, including debt and equity structuring and arranging to assist clients in achieving their business and financial goals The research division focuses on delivering detailed investment analysis of regional and international equity, markets, and economies.

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