Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) ROCE % : 15.79% (As of Dec. 2024)

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What is Abu Dhabi National Oil Co For Distribution PJSC 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 Oil Co For Distribution PJSC's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.79%.

Abu Dhabi National Oil Co For Distribution PJSC ROCE % Historical Data

The historical data trend for Abu Dhabi National Oil Co For Distribution PJSC'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 Oil Co For Distribution PJSC ROCE % Chart

Abu Dhabi National Oil Co For Distribution PJSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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25.02

32.45

38.18

25.26

25.97

Abu Dhabi National Oil Co For Distribution PJSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															16.92	28.69	30.44	31.18	15.79

Abu Dhabi National Oil Co For Distribution PJSC ROCE % Calculation

Abu Dhabi National Oil Co For Distribution PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	2857.502	/	( ( (18891.629 - 7551.999)	+	(18180.794 - 7513.912) )	/ 2 )
	=	2857.502	/	( (11339.63	+	10666.882)	/ 2 )
	=	2857.502	/	11003.256
	=	25.97 %

Abu Dhabi National Oil Co For Distribution PJSC's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1664.284	/	( ( (19608.818 - 9190.613)	+	(18180.794 - 7513.912) )	/ 2 )
	=	1664.284	/	( ( 10418.205	+	10666.882 )	/ 2 )
	=	1664.284	/	10542.5435
	=	15.79 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) 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 Oil Co For Distribution PJSC ROCE % Related Terms

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Abu Dhabi National Oil Co For Distribution PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Sheikh Zayed Street, P.O. Box 4188, Next to to ADCB Building, Abu Dhabi, ARE

Website

https://www.adnocdistribution.ae

Abu Dhabi National Oil Co For Distribution PJSC is an operator of retail fuel service stations in the United Arab Emirates. The company segments include Commercial (B2B) and Retail (B2C). It generates maximum revenue from the Retail (B2C) segment. Retail (B2C) segment which involves the sale of gasoline and petroleum products, convenience store sales, car wash and other car care services, oil change services, vehicle inspection services, and property leasing and management through the retail sites. The company operates in the UAE, Kingdom of Saudi Arabia, and Egypt.

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