Injaz For Development And Projects (AMM:ATCO) ROCE % : 1.61% (As of Sep. 2024)

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What is Injaz For Development And Projects 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. Injaz For Development And Projects's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.61%.

Injaz For Development And Projects ROCE % Historical Data

The historical data trend for Injaz For Development And Projects'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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Injaz For Development And Projects ROCE % Chart

Injaz For Development And Projects Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.84

0.53

3.54

1.12

-0.13

Injaz For Development And Projects Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.07	0.52	1.78	0.09	1.61

Injaz For Development And Projects ROCE % Calculation

Injaz For Development And Projects'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 )
	=	-0.107	/	( ( (159.799 - 79.24)	+	(157.557 - 74.915) )	/ 2 )
	=	-0.107	/	( (80.559	+	82.642)	/ 2 )
	=	-0.107	/	81.6005
	=	-0.13 %

Injaz For Development And Projects's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1.404	/	( ( (147.874 - 62.206)	+	(145.038 - 55.833) )	/ 2 )
	=	1.404	/	( ( 85.668	+	89.205 )	/ 2 )
	=	1.404	/	87.4365
	=	1.61 %

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

Injaz For Development And Projects (AMM:ATCO) 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.

Injaz For Development And Projects ROCE % Related Terms

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Injaz For Development And Projects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Injaz For Development And Projects (AMM:ATCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Shahid Wasfi Al Tal Street (Gardens), P.O Box 940327, Yathreb Commercial Complex, Building No. 41 - 1st Floor, Office No. 5, Amman, JOR, 11191

Website

https://www.injaz1.com

Injaz For Development And Projects is engaged in purchasing lands, real estate development, and trading it as well as investing in shares and bonds. The company operates only in the Hashemite Kingdom of Jordan.