Methaq Real Estate Investment (AMM:MEET) ROCE % : 3.40% (As of Jun. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Methaq Real Estate Investment 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. Methaq Real Estate Investment's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.40%.

Methaq Real Estate Investment ROCE % Historical Data

The historical data trend for Methaq Real Estate Investment'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.

* Premium members only.

Methaq Real Estate Investment ROCE % Chart

Methaq Real Estate Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-3.04

-13.47

-2.54

0.22

0.05

Methaq Real Estate Investment Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-0.47	2.43	0.34	-	3.40

Methaq Real Estate Investment ROCE % Calculation

Methaq Real Estate Investment'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 )
	=	0.429	/	( ( (1010.232 - 15.291)	+	(1013.902 - 105.371) )	/ 2 )
	=	0.429	/	( (994.941	+	908.531)	/ 2 )
	=	0.429	/	951.736
	=	0.05 %

Methaq Real Estate Investment's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	0.316	/	( ( (10.426 - 1.159)	+	(10.401 - 1.077) )	/ 2 )
	=	0.316	/	( ( 9.267	+	9.324 )	/ 2 )
	=	0.316	/	9.2955
	=	3.40 %

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

Methaq Real Estate Investment (AMM:MEET) 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.

Methaq Real Estate Investment ROCE % Related Terms

Thank you for viewing the detailed overview of Methaq Real Estate Investment's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Methaq Real Estate Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Methaq Real Estate Investment (AMM:MEET) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

7th Circle-Behind safeway Superstore, AL Hussini buliding, P.O.Box 2339, Amman, JOR, 11953

Website

https://www.methaqrealestate.com

Methaq Real Estate Investment is a real estate investment company. It is engaged in the construction of the building and other Properties. The company's project includes METHAQ Jewels and METHAQ and ALSAUDI Project.