Anan Investment Holding PJSC (ADX:ANAN) ROC %: 3.73% (As of Jun. 2019)


What is Anan Investment Holding PJSC ROC %?

Anan Investment Holding PJSC ADX:ANAN ROC % is 3.73% as of Jun. 2019.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Anan Investment Holding PJSC's annualized return on capital (ROC %) for the quarter that ended in Jun. 2019 was 3.73%.

As of today (2026-07-02), Anan Investment Holding PJSC's WACC % is 0.00%. Anan Investment Holding PJSC's ROC % is 0.00% (calculated using TTM income statement data). Anan Investment Holding PJSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Anan Investment Holding PJSC  (ADX:ANAN) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Anan Investment Holding PJSC's WACC % is 0.00%. Anan Investment Holding PJSC's ROC % is 0.00% (calculated using TTM income statement data). Anan Investment Holding PJSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Anan Investment Holding PJSC ROC % Related Terms

Anan Investment Holding PJSC ROC % Historical Data

* Premium members only.

The historical data trend for Anan Investment Holding PJSC's ROC % 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.

Anan Investment Holding PJSC ROC % Chart

Anan Investment Holding PJSC Annual Data
Trend Dec17 Dec18
ROC %
-9.80 9.37

Anan Investment Holding PJSC Semi-Annual Data
Dec17 Jun18 Dec18 Jun19
ROC % 0.00 218.84 5.95 3.73

Anan Investment Holding PJSC ROC % Calculation

Anan Investment Holding PJSC's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2018 is calculated as:

ROC % (A: Dec. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2017 ) + Invested Capital (A: Dec. 2018 ))/ count )
=359.086 * ( 1 - 0% )/( (123.064 + 7543.7)/ 2 )
=359.086/3833.382
=9.37 %

where

Invested Capital(A: Dec. 2017 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=128.064 - 2.33 - ( 2.67 - max(0, 3.401 - 7.317+2.67))
=123.064

Invested Capital(A: Dec. 2018 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5932.433 - 147.617 - ( 225.381 - max(0, 2056.619 - 297.735+225.381))
=7543.7

Anan Investment Holding PJSC's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2019 is calculated as:

ROC % (Q: Jun. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2018 ) + Invested Capital (Q: Jun. 2019 ))/ count )
=279.916 * ( 1 - 0% )/( (7543.7 + 7448.931)/ 2 )
=279.916/7496.3155
=3.73 %

where

Invested Capital(Q: Dec. 2018 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5932.433 - 147.617 - ( 225.381 - max(0, 2056.619 - 297.735+225.381))
=7543.7

Invested Capital(Q: Jun. 2019 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5830.54 - 260.817 - ( 141 - max(0, 2112.451 - 233.243+141))
=7448.931

Note: The Operating Income data used here is two times the semi-annual (Jun. 2019) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 3.73% mean?
Anan Investment Holding PJSC (ADX:ANAN) has a ROC % of 3.73% as of Jun. 2019. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Anan Investment Holding PJSC and its competitors.
Is Anan Investment Holding PJSC's ROC % too high?
Anan Investment Holding PJSC's current ROC % is 3.73%. The Real Estate industry median ROC % is 2.18. Anan Investment Holding PJSC's value of 3.73% is 71.1% above this industry median.
How does Anan Investment Holding PJSC's ROC % compare to competitors?
Anan Investment Holding PJSC's ROC % of 3.73% can be compared against companies in the Real Estate industry. The industry median ROC % is 2.18. Anan Investment Holding PJSC's value of 3.73% is 71.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Real Estate company?
The median ROC % among Real Estate companies is 2.18, based on 1,756 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anan Investment Holding PJSC's current ROC % of 3.73% is 71.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Anan Investment Holding PJSC and its competitors. For the Real Estate industry, the median ROC % is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anan Investment Holding PJSC's current ROC % is 3.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anan Investment Holding PJSC stock overvalued right now?
Anan Investment Holding PJSC (ADX:ANAN) has a current ROC % of 3.73%. The current ROC % is 3.73% and 71.1% above the Real Estate industry median of 2.18. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Anan Investment Holding PJSC (ADX:ANAN), the current ROC % is 3.73% as of Jun. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Anan Investment Holding PJSC Business Description

Address Kan'ad Street, Zone 1, Fotouh Al Khair Center, Tower No. 1, Floor No. 0, Office No. 2, Abu Dhabi, ARE
Anan Investment Holding PJSC is engaged in developing, investing in, and managing real estate properties. The company's operations are focused on real estate development. investment and marketing in various sectors, including tourism, industry, and others. Its project profile includes Wahat Alzaweya, Aryaf, Nasayem, Shamma Centre, Waha Living, Marya Boutique, and others.