Jordanian Mutual Funds Management Co (AMM:FUND) ROCE %: 1.07% (As of Dec. 2023)


AMM:FUND Jordanian Mutual Funds Management Co AMM:FUND
21 GF Score
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What is Jordanian Mutual Funds Management Co ROCE %?

Jordanian Mutual Funds Management Co AMM:FUND 21 ROCE % is 1.07% as of Dec. 2023. GuruFocus rates AMM:FUND with a GF Score™ of 21/100.

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. Jordanian Mutual Funds Management Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.07%.

Jordanian Mutual Funds Management Co  (AMM:FUND) 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.

Jordanian Mutual Funds Management Co ROCE % Related Terms

Jordanian Mutual Funds Management Co ROCE % Historical Data

* Premium members only.

The historical data trend for Jordanian Mutual Funds Management 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.

Jordanian Mutual Funds Management Co ROCE % Chart

Jordanian Mutual Funds Management Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.17 -1.28 -4.20 -9.08 -0.46

Jordanian Mutual Funds Management Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.96 -1.87 -0.49 -0.11 1.07
AMM:FUND
21GF Score
Jordanian Mutual Funds Management Co AMM:FUND
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Jordanian Mutual Funds Management Co ROCE % Calculation

Jordanian Mutual Funds Management 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 )
=-0.017/( ( (5.409 - 1.122) + (4.188 - 1.119) )/ 2 )
=-0.017/( (4.287+3.069)/ 2 )
=-0.017/3.678
=-0.46 %

Jordanian Mutual Funds Management Co'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 )
=0.036/( ( (4.756 - 1.119) + (4.188 - 1.119) )/ 2 )
=0.036/( ( 3.637 + 3.069 )/ 2 )
=0.036/3.353
=1.07 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 1.07% mean?
Jordanian Mutual Funds Management Co (AMM:FUND) has a ROCE % of 1.07% as of Dec. 2023.
Is Jordanian Mutual Funds Management Co's ROCE % too high?
Jordanian Mutual Funds Management Co's current ROCE % is 1.07%. The Asset Management industry median ROCE % is 4.46. Jordanian Mutual Funds Management Co's value of 1.07% is 76% below this industry median. Overall, Jordanian Mutual Funds Management Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Jordanian Mutual Funds Management Co's ROCE % compare to BLK and BX?
Jordanian Mutual Funds Management Co's ROCE % of 1.07% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.46. Jordanian Mutual Funds Management Co's value of 1.07% is 76% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Asset Management company?
The median ROCE % among Asset Management companies is 4.46, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jordanian Mutual Funds Management Co's current ROCE % of 1.07% is 76% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jordanian Mutual Funds Management Co's current ROCE % is 1.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jordanian Mutual Funds Management Co stock overvalued right now?
Jordanian Mutual Funds Management Co (AMM:FUND) has a current ROCE % of 1.07%. The current ROCE % is 1.07% and 76% below the Asset Management industry median of 4.46. Jordanian Mutual Funds Management Co's overall GF Score™ is 21/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Jordanian Mutual Funds Management Co (AMM:FUND), the current ROCE % is 1.07% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Jordanian Mutual Funds Management Co Business Description

Address Airport Road, Madaba Bridge, P.O Box 921513, Rum Group for Transportation, Tourism Investment, Amman, JOR, 11192
Jordanian Mutual Funds Management Co is a Jordan based fund management company. The company is engaged in establishing mutual funds, purchase and sales of shares and stocks for business purpose and managing investment funds except for financial brokerage.
21GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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