EMSTEEL Building Materials PJSC (ADX:EMSTEEL) ROCE % : 10.80% (As of Dec. 2023)

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What is EMSTEEL Building Materials 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. EMSTEEL Building Materials PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.80%.

EMSTEEL Building Materials PJSC ROCE % Historical Data

The historical data trend for EMSTEEL Building Materials 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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EMSTEEL Building Materials PJSC ROCE % Chart

EMSTEEL Building Materials PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.38

-13.41

7.20

8.14

EMSTEEL Building Materials 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															7.54	8.46	7.17	6.08	10.80

EMSTEEL Building Materials PJSC ROCE % Calculation

EMSTEEL Building Materials 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 )
	=	707.282	/	( ( (11471.368 - 2957.703)	+	(11028.812 - 2162.587) )	/ 2 )
	=	707.282	/	( (8513.665	+	8866.225)	/ 2 )
	=	707.282	/	8689.945
	=	8.14 %

EMSTEEL Building Materials 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 )
	=	951.92	/	( ( (11087.034 - 2318)	+	(11028.812 - 2162.587) )	/ 2 )
	=	951.92	/	( ( 8769.034	+	8866.225 )	/ 2 )
	=	951.92	/	8817.6295
	=	10.80 %

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

EMSTEEL Building Materials PJSC (ADX:EMSTEEL) 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.

EMSTEEL Building Materials PJSC ROCE % Related Terms

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EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EMSTEEL Building Materials PJSC (ADX:EMSTEEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17th floor, Prestige Tower 17, PO Box 40307, near Mazyad Mall, Mohammed Bin Zayed City, ARE

Website

http://www.arkan.ae

EMSTEEL Building Materials PJSC formerly Arkan Building Materials Co (Arkan) PJSC manufactures building and construction products. Its product portfolio includes cement, concrete products, anabeeb pipes and arkan bags. The company invests in industrial and commercial projects which are involved in the building materials sector. Its segments include Steel, Cement and Blocks, Pipes and others The majority of the revenue is derived from the Steel segment.

EMSTEEL Building Materials PJSC (ADX:EMSTEEL) Headlines

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