Abu Dhabi Ports Co PJSC (ADX:ADPORTS) ROCE % : 1.94% (As of Dec. 2023)

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What is Abu Dhabi Ports Co 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 Ports Co PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.94%.

Abu Dhabi Ports Co PJSC ROCE % Historical Data

The historical data trend for Abu Dhabi Ports Co 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 Ports Co PJSC ROCE % Chart

Abu Dhabi Ports Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.07

3.93

5.71

4.94

4.39

Abu Dhabi Ports Co PJSC Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										2.16	5.50	4.62	6.21	1.94

Abu Dhabi Ports Co PJSC ROCE % Calculation

Abu Dhabi Ports Co PJSC'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 )
	=	1828.063	/	( ( (38511.991 - 4995.798)	+	(55610.989 - 5780.677) )	/ 2 )
	=	1828.063	/	( (33516.193	+	49830.312)	/ 2 )
	=	1828.063	/	41673.2525
	=	4.39 %

Abu Dhabi Ports Co PJSC'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 )
	=	912.736	/	( ( (52202.358 - 8022.13)	+	(55610.989 - 5780.677) )	/ 2 )
	=	912.736	/	( ( 44180.228	+	49830.312 )	/ 2 )
	=	912.736	/	47005.27
	=	1.94 %

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

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) 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 Ports Co PJSC ROCE % Related Terms

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Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Abu Dhabi Ports Co PJSC (ADX:ADPORTS) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Al Mina Street. Nearest Landmark: Zayed Port, Gate 1, Next to Zayed Port, P.O. Box 54477, Abu Dhabi, ARE, 54477

Website

https://www.adports.ae

Abu Dhabi Ports Co PJSC owns, operates, maintains, manages, and develops all ports, docks, harbors, quays, waterways, bridges, breakwaters, infrastructure, and related installations in the Emirate of Abu Dhabi. It also constructs, manages, and develops the industrial, commercial, and non-financial service-free zones on plots of land granted or allocated by the Government of Abu Dhabi. The company's segments include Ports; Economic Cities and Free Zones (EC&FZ); Logistics; Maritime; Digital and Corporate.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Headlines

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