Abu Dhabi National Hotels (ADX:ADNH) ROCE % : 6.57% (As of Dec. 2023)

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What is Abu Dhabi National Hotels 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. Abu Dhabi National Hotels's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.57%.

Abu Dhabi National Hotels ROCE % Historical Data

The historical data trend for Abu Dhabi National Hotels'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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Abu Dhabi National Hotels ROCE % Chart

Abu Dhabi National Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.46

-9.65

3.58

5.49

5.76

Abu Dhabi National Hotels 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															6.87	8.00	5.35	3.13	6.57

Abu Dhabi National Hotels ROCE % Calculation

Abu Dhabi National Hotels'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 )
	=	543.983	/	( ( (10120.334 - 1247.904)	+	(10967.502 - 938.437) )	/ 2 )
	=	543.983	/	( (8872.43	+	10029.065)	/ 2 )
	=	543.983	/	9450.7475
	=	5.76 %

Abu Dhabi National Hotels'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 )
	=	655.788	/	( ( (10864.912 - 924.646)	+	(10967.502 - 938.437) )	/ 2 )
	=	655.788	/	( ( 9940.266	+	10029.065 )	/ 2 )
	=	655.788	/	9984.6655
	=	6.57 %

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

Abu Dhabi National Hotels (ADX:ADNH) 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.

Abu Dhabi National Hotels ROCE % Related Terms

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Abu Dhabi National Hotels (ADX:ADNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Abu Dhabi National Hotels (ADX:ADNH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 46806, Abu Dhabi, ARE

Website

https://www.adnh.com

Abu Dhabi National Hotels is engaged in the hospitality business. The company's reportable segment includes Hotels, Transport services, and Holding. It generates maximum revenue from the hotel segment. The company earns the majority of its revenue from room rentals, food, beverage, and other ancillary services. It also manages other hotels for the account of other parties.

Abu Dhabi National Hotels (ADX:ADNH) Headlines

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