Real Estate Trade Centers Co (KUW:MARAKEZ) ROCE % : -1.10% (As of Dec. 2023)

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What is Real Estate Trade Centers 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. Real Estate Trade Centers Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.10%.

Real Estate Trade Centers Co ROCE % Historical Data

The historical data trend for Real Estate Trade Centers 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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Real Estate Trade Centers Co ROCE % Chart

Real Estate Trade Centers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.04

-0.28

-0.23

-0.49

-0.43

Real Estate Trade Centers 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															-1.16	-0.14	-0.23	-0.25	-1.10

Real Estate Trade Centers Co ROCE % Calculation

Real Estate Trade Centers 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 )
	=	-0.125	/	( ( (29.495 - 0.42)	+	(29.664 - 0.419) )	/ 2 )
	=	-0.125	/	( (29.075	+	29.245)	/ 2 )
	=	-0.125	/	29.16
	=	-0.43 %

Real Estate Trade Centers 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 )
	=	-0.32	/	( ( (29.599 - 0.421)	+	(29.664 - 0.419) )	/ 2 )
	=	-0.32	/	( ( 29.178	+	29.245 )	/ 2 )
	=	-0.32	/	29.2115
	=	-1.10 %

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

Real Estate Trade Centers Co (KUW:MARAKEZ) 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.

Real Estate Trade Centers Co ROCE % Related Terms

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Real Estate Trade Centers Co (KUW:MARAKEZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Real Estate Trade Centers Co (KUW:MARAKEZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Salheya Complex, P.O. Box 26400, Block 23, First Floor, Entrance No. 2, Safat, Kuwait, KWT, 13124

Website

https://www.marakezkw.com

Real Estate Trade Centers Co engages in the real estate business in Kuwait. The company is engaged in the business of owning, selling and purchasing lands, real estate, and shares of real estate companies, managing hotels, and health clubs, establishing and managing investment funds, owning commercial markets and building the infrastructure of related projects also property management of third parties and leasing and marketing properties. It is also engaged in owning and operating housing complexes; and holding real estate auctions.

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