Afaq for Energy Co (AMM:MANE) ROCE % : 15.93% (As of Mar. 2024)

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What is Afaq for Energy 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. Afaq for Energy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.93%.

Afaq for Energy Co ROCE % Historical Data

The historical data trend for Afaq for Energy 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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Afaq for Energy Co ROCE % Chart

Afaq for Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.09

2.04

23.46

28.73

22.47

Afaq for Energy Co 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															19.64	24.46	24.27	25.06	15.93

Afaq for Energy Co ROCE % Calculation

Afaq for Energy 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 )
	=	47.548	/	( ( (612.054 - 401.03)	+	(599.423 - 387.305) )	/ 2 )
	=	47.548	/	( (211.024	+	212.118)	/ 2 )
	=	47.548	/	211.571
	=	22.47 %

Afaq for Energy Co'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 )
	=	33.82	/	( ( (599.423 - 387.305)	+	(596.872 - 384.271) )	/ 2 )
	=	33.82	/	( ( 212.118	+	212.601 )	/ 2 )
	=	33.82	/	212.3595
	=	15.93 %

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

Afaq for Energy Co (AMM:MANE) 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.

Afaq for Energy Co ROCE % Related Terms

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Afaq for Energy Co (AMM:MANE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Afaq for Energy Co PLC (AMM:MANE) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Airport street-Foreign Ministry, P.O. Box 925988, Manasir Oil and Gas Management Building, Amman, JOR, 11110

Website

Afaq for Energy Co PLC operates fuel stations in Jordan. It is a trading company and distributor of capital goods.

Afaq for Energy Co (AMM:MANE) Headlines

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