Deera Investment & Real Estate Development Co (AMM:DERA) ROCE % : 3.67% (As of Sep. 2024)

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What is Deera Investment & Real Estate Development Co 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. Deera Investment & Real Estate Development Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.67%.

Deera Investment & Real Estate Development Co ROCE % Historical Data

The historical data trend for Deera Investment & Real Estate Development Co'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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Deera Investment & Real Estate Development Co ROCE % Chart

Deera Investment & Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.93

-2.14

-3.04

-3.33

1.18

Deera Investment & Real Estate Development Co 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															0.63	-3.90	-2.01	-1.23	3.67

Deera Investment & Real Estate Development Co ROCE % Calculation

Deera Investment & Real Estate Development Co'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 )
	=	0.767	/	( ( (79.745 - 13.044)	+	(72.986 - 9.249) )	/ 2 )
	=	0.767	/	( (66.701	+	63.737)	/ 2 )
	=	0.767	/	65.219
	=	1.18 %

Deera Investment & Real Estate Development Co'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 )
	=	2.236	/	( ( (75.531 - 14.43)	+	(72.928 - 12.139) )	/ 2 )
	=	2.236	/	( ( 61.101	+	60.789 )	/ 2 )
	=	2.236	/	60.945
	=	3.67 %

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

Deera Investment & Real Estate Development Co (AMM:DERA) 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.

Deera Investment & Real Estate Development Co ROCE % Related Terms

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Deera Investment & Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Deera Investment & Real Estate Development Co (AMM:DERA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Amman-Madinah Munawarah Street, P.O. Box: 940237, Amman, JOR, 11194

Website

https://deera.jo

Deera Investment & Real Estate Development Co is a real estate company. The group's main activities are to acquire and sell properties, land development, construction of commercial and residential buildings, and other related activities. The company operates in three segments, which include Investment Properties, Construction, and Tourism Investments. The vast majority of its revenue is generated from the Investment Properties segment, which is engaged in the trading and renting of properties and land owned by the Group. Its projects include Deera Tower, Mountain View, Rahmanya Villas, and Deera Studios & Luxury Apartments.

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