Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) ROCE %

: 2.62% (As of Sep. 2023)

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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. Ras Al Khaimah Co for White Cementnstruction Materials's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.62%.

Ras Al Khaimah Co for White Cementnstruction Materials ROCE % Historical Data

The historical data trend for Ras Al Khaimah Co for White Cementnstruction Materials'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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Ras Al Khaimah Co for White Cementnstruction Materials Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

2.29

2.92

1.85

4.07

2.66

Ras Al Khaimah Co for White Cementnstruction Materials Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																-0.88	3.08	0.32	2.35	2.62

Ras Al Khaimah Co for White Cementnstruction Materials ROCE % Calculation

Ras Al Khaimah Co for White Cementnstruction Materials's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	21.89	/	( ( (963.05 - 109.501)	+	(882.181 - 89.54) )	/ 2 )
	=	21.89	/	( (853.549	+	792.641)	/ 2 )
	=	21.89	/	823.095
	=	2.66 %

Ras Al Khaimah Co for White Cementnstruction Materials's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	20.724	/	( ( (894.855 - 102.093)	+	(864.681 - 77.116) )	/ 2 )
	=	20.724	/	( ( 792.762	+	787.565 )	/ 2 )
	=	20.724	/	790.1635
	=	2.62 %

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

Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) 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.

Ras Al Khaimah Co for White Cementnstruction Materials ROCE % Related Terms

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Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ras Al Khaimah Co for White Cement & Construction Materials (ADX:RAKWCT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1492, Ras Al Khaimah, ARE

Website

https://www.rakwhitecement.ae

Ras Al Khaimah Co for White Cement & Construction Materials is engaged in the production of cement, building materials, and lime. The principal activities of the company are to manufacture and supply white cement, lime, and cement products. The company operates through two business segments which include Manufacturing and Investments. The manufacturing segment refers to the manufacture and distribution of white cement. The investment segment consists of investments in marketable equity securities and deposits with banks.

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