Real Estate Development (AMM:REDV) ROCE % : 3.40% (As of Sep. 2024)

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What is Real Estate Development 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. Real Estate Development's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.40%.

Real Estate Development ROCE % Historical Data

The historical data trend for Real Estate Development'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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Real Estate Development ROCE % Chart

Real Estate Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.01

2.08

2.93

-0.44

2.26

Real Estate Development Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	2.98	-2.05	-0.83	3.40

Real Estate Development ROCE % Calculation

Real Estate Development'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 )
	=	1.005	/	( ( (45.694 - 2.216)	+	(47.89 - 2.312) )	/ 2 )
	=	1.005	/	( (43.478	+	45.578)	/ 2 )
	=	1.005	/	44.528
	=	2.26 %

Real Estate Development'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 )
	=	1.472	/	( ( (47.508 - 4.509)	+	(48.286 - 4.636) )	/ 2 )
	=	1.472	/	( ( 42.999	+	43.65 )	/ 2 )
	=	1.472	/	43.3245
	=	3.40 %

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

Real Estate Development (AMM:REDV) 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.

Real Estate Development ROCE % Related Terms

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Real Estate Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Real Estate Development (AMM:REDV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wasfi Al-Tal Street, P.O Box 962756, Redco Complex, Amman, JOR, 11196

Website

http://www.redv.com.jo

Real Estate Development is a real estate company. It is engaged in buying, selling, investing, and trading in real estate properties. The company's business segments include Inside Jordan and Outside Jordan.

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