Jordan Masaken for Land and Industrial Development Projects (AMM:MSKN) ROCE % : 1.36% (As of Mar. 2024)

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What is Jordan Masaken for Land and Industrial Development Projects 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. Jordan Masaken for Land and Industrial Development Projects's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.36%.

Jordan Masaken for Land and Industrial Development Projects ROCE % Historical Data

The historical data trend for Jordan Masaken for Land and Industrial Development Projects'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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Jordan Masaken for Land and Industrial Development Projects ROCE % Chart

Jordan Masaken for Land and Industrial Development Projects Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.31

0.31

2.10

2.08

2.38

Jordan Masaken for Land and Industrial Development Projects 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															1.28	2.06	2.05	4.18	1.36

Jordan Masaken for Land and Industrial Development Projects ROCE % Calculation

Jordan Masaken for Land and Industrial Development Projects'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 )
	=	0.195	/	( ( (8.257 - 0.131)	+	(8.389 - 0.148) )	/ 2 )
	=	0.195	/	( (8.126	+	8.241)	/ 2 )
	=	0.195	/	8.1835
	=	2.38 %

Jordan Masaken for Land and Industrial Development Projects'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 )
	=	0.112	/	( ( (8.389 - 0.148)	+	(8.605 - 0.337) )	/ 2 )
	=	0.112	/	( ( 8.241	+	8.268 )	/ 2 )
	=	0.112	/	8.2545
	=	1.36 %

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

Jordan Masaken for Land and Industrial Development Projects (AMM:MSKN) 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.

Jordan Masaken for Land and Industrial Development Projects ROCE % Related Terms

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Jordan Masaken for Land and Industrial Development Projects (AMM:MSKN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jordan Masaken for Land and Industrial Development Projects (AMM:MSKN) » Definitions » ROCE %

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Address

Al Madina Al Munawwarah Street, P.O.Box 5821, 5th Floor, Suit 504, Masaken 1 complex, Amman, JOR, 11953

Website

https://www.masaken.jo

Jordan Masaken for Land and Industrial Development Projects operates in the real estate sector. The company's main activities are Land acquisitions in the Kingdom of Jordon with a view to either develop or make the plots infrastructure enabled and sell, Develop the plots into residential housing. It is also engaged in building a diversified portfolio of assets in various sectors. Jordan Masaken offers luxurious, spacious office spaces, outstanding designs, and ample parking spaces.

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