Multiply Group PJSC (ADX:MULTIPLY) ROCE % : 1.14% (As of Dec. 2023)

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What is Multiply Group 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. Multiply Group PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.14%.

Multiply Group PJSC ROCE % Historical Data

The historical data trend for Multiply Group 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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Multiply Group PJSC ROCE % Chart

Multiply Group PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.61

5.74

4.07

74.19

2.50

Multiply Group PJSC Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											104.42	0.93	5.09	2.85	1.14

Multiply Group PJSC ROCE % Calculation

Multiply Group 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 )
	=	985.078	/	( ( (41205.882 - 2038.067)	+	(42158.649 - 2397.119) )	/ 2 )
	=	985.078	/	( (39167.815	+	39761.53)	/ 2 )
	=	985.078	/	39464.6725
	=	2.50 %

Multiply Group 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 )
	=	452.152	/	( ( (42133.028 - 2238.263)	+	(42158.649 - 2397.119) )	/ 2 )
	=	452.152	/	( ( 39894.765	+	39761.53 )	/ 2 )
	=	452.152	/	39828.1475
	=	1.14 %

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

Multiply Group PJSC (ADX:MULTIPLY) 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.

Multiply Group PJSC ROCE % Related Terms

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Multiply Group PJSC (ADX:MULTIPLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Multiply Group PJSC (ADX:MULTIPLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Marina Square, Level 19, Tamouh Tower, Reem Island, Abu Dhabi, ARE

Website

https://www.multiply.ae

Multiply Group PJSC is a technology-focused holding company with a presence across five industries, including communications, utilities, ventures, wellness, Driving training and Asset Management. The group's diversified portfolio strikes a balance between steady companies that generate recurring income and high-growth businesses. The company has its geographic presence in UAE and outside UAE.

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