Abu Dhabi Ship Building PJSC (ADX:ADSB) ROCE %: 4.10% (As of Dec. 2023)

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ADX:ADSB Abu Dhabi Ship Building PJSC ADX:ADSB
5 GF Score
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What is Abu Dhabi Ship Building PJSC ROCE %?

Abu Dhabi Ship Building PJSC ADX:ADSB -1.11% 5 ROCE % is 4.10% as of Dec. 2023. GuruFocus rates ADX:ADSB with a GF Score™ of 5/100.

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 Ship Building PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.10%.

Abu Dhabi Ship Building PJSC  (ADX:ADSB) 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 Ship Building PJSC ROCE % Related Terms

Abu Dhabi Ship Building PJSC ROCE % Historical Data

* Premium members only.

The historical data trend for Abu Dhabi Ship Building 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.

Abu Dhabi Ship Building PJSC ROCE % Chart

Abu Dhabi Ship Building PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 -5.09 2.33 2.08 4.10

Abu Dhabi Ship Building PJSC Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.13 -5.09 2.33 2.08 4.10
ADX:ADSB
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Abu Dhabi Ship Building PJSC ADX:ADSB
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Abu Dhabi Ship Building PJSC ROCE % Calculation

Abu Dhabi Ship Building 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 )
=44.092/( ( (1493.419 - 511.045) + (2669.09 - 1499.369) )/ 2 )
=44.092/( (982.374+1169.721)/ 2 )
=44.092/1076.0475
=4.10 %

Abu Dhabi Ship Building 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: Dec. 2022 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=44.092/( ( (1493.419 - 511.045) + (2669.09 - 1499.369) )/ 2 )
=44.092/( ( 982.374 + 1169.721 )/ 2 )
=44.092/1076.0475
=4.10 %

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

* 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 ROCE % →
What does a ROCE % of 4.10% mean?
Abu Dhabi Ship Building PJSC (ADX:ADSB) has a ROCE % of 4.10% as of Dec. 2023.
Is Abu Dhabi Ship Building PJSC's ROCE % too high?
Abu Dhabi Ship Building PJSC's current ROCE % is 4.10%. The Aerospace & Defense industry median ROCE % is 6.21. Abu Dhabi Ship Building PJSC's value of 4.10% is 34% below this industry median. Overall, Abu Dhabi Ship Building PJSC has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Abu Dhabi Ship Building PJSC's ROCE % compare to GE and RTX?
Abu Dhabi Ship Building PJSC's ROCE % of 4.10% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.21. Abu Dhabi Ship Building PJSC's value of 4.10% is 34% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Aerospace & Defense company?
The median ROCE % among Aerospace & Defense companies is 6.21, based on 353 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Abu Dhabi Ship Building PJSC's current ROCE % of 4.10% is 34% below 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abu Dhabi Ship Building PJSC's current ROCE % is 4.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abu Dhabi Ship Building PJSC stock overvalued right now?
Abu Dhabi Ship Building PJSC (ADX:ADSB) has a current ROCE % of 4.10%. The current ROCE % is 4.10% and 34% below the Aerospace & Defense industry median of 6.21. Abu Dhabi Ship Building PJSC's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Abu Dhabi Ship Building PJSC (ADX:ADSB), the current ROCE % is 4.10% as of Dec. 2023. 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.

Abu Dhabi Ship Building PJSC Business Description

Address Musafah Industrial Area, P.O. Box 8922, Abu Dhabi, ARE
Abu Dhabi Ship Building PJSC is a shipbuilder and support services contractor locally and internationally. Its operating segments include New Build and Engineering; Small Boats; Military Repairs and Maintenance; Commercial Repairs and Maintenance and Combat System Integration. It generates maximum revenue from the New Build and Engineering services segment. It provides the design, engineering, research and development, construction, commissioning, test and trials, ILS, upgrades, conversions, and consultancy services for military, commercial, and leisure vessels in any construction material.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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