EMSTEEL Building Materials PJSC (ADX:EMSTEEL) ROCE % : 16.80% (As of Dec. 2024)

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What is EMSTEEL Building Materials 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. EMSTEEL Building Materials PJSC's annualized ROCE % for the quarter that ended in Dec. 2024 was 16.80%.

EMSTEEL Building Materials PJSC ROCE % Historical Data

The historical data trend for EMSTEEL Building Materials 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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EMSTEEL Building Materials PJSC ROCE % Chart

EMSTEEL Building Materials PJSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-13.41

7.20

8.14

5.84

EMSTEEL Building Materials 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															10.80	6.99	2.87	-3.31	16.80

EMSTEEL Building Materials PJSC ROCE % Calculation

EMSTEEL Building Materials 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 )
	=	527.738	/	( ( (11028.812 - 2162.587)	+	(11258.524 - 2043.319) )	/ 2 )
	=	527.738	/	( (8866.225	+	9215.205)	/ 2 )
	=	527.738	/	9040.715
	=	5.84 %

EMSTEEL Building Materials 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 )
	=	1525.968	/	( ( (10878.778 - 1922.815)	+	(11258.524 - 2043.319) )	/ 2 )
	=	1525.968	/	( ( 8955.963	+	9215.205 )	/ 2 )
	=	1525.968	/	9085.584
	=	16.80 %

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

EMSTEEL Building Materials PJSC (ADX:EMSTEEL) 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.

EMSTEEL Building Materials PJSC ROCE % Related Terms

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EMSTEEL Building Materials PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EMSTEEL Building Materials PJSC (ADX:EMSTEEL) » Definitions » ROCE %

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Address

Abu Dhabi Industrial City (ICAD), PO Box: 9022, Musaffah, Abu Dhabi, ARE

Website

https://www.emiratessteelarkan.com

EMSTEEL Building Materials PJSC is a steel and building materials manufacturer. The Group incorporates the latest innovative technologies in manufacturing, efficiency and sustainability, to deliver the high-quality products, services and solutions that clients need for their business to thrive today and tomorrow. It produces home-grown high-quality steel products that are shipped and used across the world and delivered into major global markets, for the construction, engineering and energy sectors. Additionally, the Group produces premium cement, blocks, pipes, and dry mortar, creating a one-stop shop for the manufacturing and construction sectors.

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