Apex Investment PSC (ADX:APEX) ROCE % : 0.00% (As of Dec. 2022)

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What is Apex Investment PSC 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. Apex Investment PSC's annualized ROCE % for the quarter that ended in Dec. 2022 was 0.00%.

Apex Investment PSC ROCE % Historical Data

The historical data trend for Apex Investment PSC'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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Apex Investment PSC ROCE % Chart

Apex Investment PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.72

-9.31

0.96

14.02

-2.82

Apex Investment PSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial															-2.50	13.77	-4.82	-	-

Apex Investment PSC ROCE % Calculation

Apex Investment PSC'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 )
	=	-56.52	/	( ( (2260.668 - 205.066)	+	(2199.099 - 243.798) )	/ 2 )
	=	-56.52	/	( (2055.602	+	1955.301)	/ 2 )
	=	-56.52	/	2005.4515
	=	-2.82 %

Apex Investment PSC's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	0	/	( ( (724.193 - 88.628)	+	(2260.668 - 205.066) )	/ 2 )
	=	0	/	( ( 635.565	+	2055.602 )	/ 2 )
	=	0	/	1345.5835
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Apex Investment PSC (ADX:APEX) 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.

Apex Investment PSC ROCE % Related Terms

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Apex Investment PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Apex Investment PSC (ADX:APEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Al Wahda Commercial Tower, Office No. 501, PO Box. 30688, Abu Dhabi, ARE

Website

http://www.rakcc.ae

Apex Investment PSC formerly Ras Al Khaimah Cement Co operates in the cement industry. The company is mainly engaged in the producing and marketing of portland cement. The company caters to both the UAE market and the foreign market.