Aqar Real Estate Investments CoKC (KUW:AQAR) ROCE % : 5.39% (As of Dec. 2023)

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What is Aqar Real Estate Investments CoKC 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. Aqar Real Estate Investments CoKC's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.39%.

Aqar Real Estate Investments CoKC ROCE % Historical Data

The historical data trend for Aqar Real Estate Investments CoKC'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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Aqar Real Estate Investments CoKC ROCE % Chart

Aqar Real Estate Investments CoKC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.80

-0.16

2.64

4.10

4.47

Aqar Real Estate Investments CoKC 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															2.96	-1.30	8.13	5.23	5.39

Aqar Real Estate Investments CoKC ROCE % Calculation

Aqar Real Estate Investments CoKC'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 )
	=	1.398	/	( ( (35.665 - 4.912)	+	(36.446 - 4.644) )	/ 2 )
	=	1.398	/	( (30.753	+	31.802)	/ 2 )
	=	1.398	/	31.2775
	=	4.47 %

Aqar Real Estate Investments CoKC'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 )
	=	1.704	/	( ( (35.867 - 4.489)	+	(36.446 - 4.644) )	/ 2 )
	=	1.704	/	( ( 31.378	+	31.802 )	/ 2 )
	=	1.704	/	31.59
	=	5.39 %

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

Aqar Real Estate Investments CoKC (KUW:AQAR) 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.

Aqar Real Estate Investments CoKC ROCE % Related Terms

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Aqar Real Estate Investments CoKC (KUW:AQAR) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aqar Real Estate Investments Co SAKC (KUW:AQAR) » Definitions » ROCE %

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Address

Al Sharq - Al Shuhada’a Street, P.O. BOX 20017, Al-Eada Al-Kuwaitia Tower - Floor 14, Safat, Kuwait City, KWT, 13061

Website

http://www.aqar.com.kw

Aqar Real Estate Investments Co SAKC is a company based in Kuwait. It is engaged in trading, developing land and real estates, establishing, operating, and investing in hotels, motels, tourist resorts in addition to trading in shares and bonds of real estate companies as well as performing real estate consultancy services. The company operates in three segments which include Real estate segment, Investments segment, and Other segments.

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