Irbid District Electricity (AMM:IREL) ROCE % : 9.73% (As of Sep. 2024)

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What is Irbid District Electricity 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. Irbid District Electricity's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.73%.

Irbid District Electricity ROCE % Historical Data

The historical data trend for Irbid District Electricity'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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Irbid District Electricity ROCE % Chart

Irbid District Electricity Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.22

10.74

8.63

16.02

8.01

Irbid District Electricity 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															17.79	-4.61	0.62	6.86	9.73

Irbid District Electricity ROCE % Calculation

Irbid District Electricity'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 )
	=	17.901	/	( ( (395.678 - 176.422)	+	(390.428 - 162.569) )	/ 2 )
	=	17.901	/	( (219.256	+	227.859)	/ 2 )
	=	17.901	/	223.5575
	=	8.01 %

Irbid District Electricity'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 )
	=	22.196	/	( ( (435.61 - 211.002)	+	(446.267 - 214.848) )	/ 2 )
	=	22.196	/	( ( 224.608	+	231.419 )	/ 2 )
	=	22.196	/	228.0135
	=	9.73 %

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

Irbid District Electricity (AMM:IREL) 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.

Irbid District Electricity ROCE % Related Terms

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Irbid District Electricity Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Irbid District Electricity (AMM:IREL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Ratib Al Batayneh Street, P.O. Box 46, Irbid Main Building, Irbid, JOR, 21110

Website

https://www.ideco.com.jo

Irbid District Electricity is engaged in the generation, transmission, and distribution of electric power in Jordan. The main activities of the company are to distribute electric power and to provide it to retail customers in the north of Jordan including Irbid, Mafraq, Jerash, and Ajloun.

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