RAK Properties PJSC (ADX:RAKPROP) ROCE % : 8.57% (As of Dec. 2023)

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What is RAK Properties 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. RAK Properties PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.57%.

RAK Properties PJSC ROCE % Historical Data

The historical data trend for RAK Properties 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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RAK Properties PJSC ROCE % Chart

RAK Properties PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.36

2.71

4.19

1.31

4.86

RAK Properties PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															1.29	4.16	4.28	2.29	8.57

RAK Properties PJSC ROCE % Calculation

RAK Properties 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 )
	=	266.502	/	( ( (6315.069 - 974.649)	+	(6458.91 - 843.37) )	/ 2 )
	=	266.502	/	( (5340.42	+	5615.54)	/ 2 )
	=	266.502	/	5477.98
	=	4.86 %

RAK Properties 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 )
	=	475.336	/	( ( (6370.74 - 888.553)	+	(6458.91 - 843.37) )	/ 2 )
	=	475.336	/	( ( 5482.187	+	5615.54 )	/ 2 )
	=	475.336	/	5548.8635
	=	8.57 %

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

RAK Properties PJSC (ADX:RAKPROP) 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.

RAK Properties PJSC ROCE % Related Terms

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RAK Properties PJSC (ADX:RAKPROP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » RAK Properties PJSC (ADX:RAKPROP) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Julphar Towers, P.O. Box 31113, Floor No 41, Ras Al-Khaimah, ARE

Website

https://www.rakproperties.ae

RAK Properties PJSC is a property development and tourism infrastructure firm in the United Arab Emirates. ?The principal activities of the Group are an investment in and development of properties, property management, hotel operations, marine management and related services.

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