Dar Al Aman for Islamic Finance (AMM:DAIF) ROCE % : 0.00% (As of Mar. 2024)

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What is Dar Al Aman for Islamic Finance 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. Dar Al Aman for Islamic Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Dar Al Aman for Islamic Finance ROCE % Historical Data

The historical data trend for Dar Al Aman for Islamic Finance'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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Dar Al Aman for Islamic Finance ROCE % Chart

Dar Al Aman for Islamic Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.65

-0.77

-3.89

Dar Al Aman for Islamic Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-24.04	-2.42	-	-

Dar Al Aman for Islamic Finance ROCE % Calculation

Dar Al Aman for Islamic Finance'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	/	( ( (9.771 - 0)	+	(8.499 - 0) )	/ 2 )
	=	0	/	( (9.771	+	8.499)	/ 2 )
	=	0	/	9.135
	=	0.00 %

Dar Al Aman for Islamic Finance's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	0	/	( ( (8.499 - 0)	+	(8.499 - 0) )	/ 2 )
	=	0	/	( ( 8.499	+	8.499 )	/ 2 )
	=	0	/	8.499
	=	0.00 %

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

Dar Al Aman for Islamic Finance (AMM:DAIF) 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.

Dar Al Aman for Islamic Finance ROCE % Related Terms

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Dar Al Aman for Islamic Finance (AMM:DAIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Dar Al Aman for Islamic Finance (AMM:DAIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

AbduAllah Ghousheh Street, Alhusseini Building No. 53, P.O Box 4544, Tilaa ali, Amman, JOR, 11953

Website

Dar Al Aman for Islamic Finance provides advice on financing and investing decisions for customers. Its business operations are carried out through the following activities: making financing and investment decisions for clients; managing portfolios, investment funds, and financial and investment securities; providing financial consulting; and conducting feasibility studies and market research for possible investments. Its main objectives are financing consumables products and financing real estate in accordance with the provision of Islamic Sharia.

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