NMDC Group PJSC (ADX:NMDC) ROCE % : 28.53% (As of Dec. 2024)

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What is NMDC 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. NMDC Group PJSC's annualized ROCE % for the quarter that ended in Dec. 2024 was 28.53%.

NMDC Group PJSC ROCE % Historical Data

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

NMDC Group PJSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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4.67

16.71

17.29

24.10

30.13

NMDC Group 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															27.58	30.77	36.69	26.56	28.53

NMDC Group PJSC ROCE % Calculation

NMDC Group 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 )
	=	3728.782	/	( ( (20847.201 - 10393.422)	+	(33199.751 - 18905.422) )	/ 2 )
	=	3728.782	/	( (10453.779	+	14294.329)	/ 2 )
	=	3728.782	/	12374.054
	=	30.13 %

NMDC Group 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 )
	=	4261.596	/	( ( (31788.799 - 16211.249)	+	(33199.751 - 18905.422) )	/ 2 )
	=	4261.596	/	( ( 15577.55	+	14294.329 )	/ 2 )
	=	4261.596	/	14935.9395
	=	28.53 %

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

NMDC Group PJSC (ADX:NMDC) 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.

NMDC Group PJSC ROCE % Related Terms

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NMDC Group PJSC Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Mussafah Street 16, P.O. Box 3649, Abu Dhabi, ARE

Website

https://www.nmdc.com

National Marine Dredging Co PSC is engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates. Geographically, the company has a business presence in the United Arab Emirates and internationally. It derives the majority of the revenue from its operations in the United Arab Emirates. The company activities include Dredging and Reclamation, and Marine Construction. It has projects in various sectors such as Energy, Environment, Seaborne Trade, Tourism and Urban Development.

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