Sura Development and Investment (AMM:SURA) ROCE % : -0.24% (As of Sep. 2024)

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What is Sura Development and 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. Sura Development and Investment's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.24%.

Sura Development and Investment ROCE % Historical Data

The historical data trend for Sura Development and 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.

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Sura Development and Investment ROCE % Chart

Sura Development and Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.00

-0.85

-0.69

-23.79

-0.54

Sura Development and Investment 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															-0.24	-0.85	-1.57	-0.36	-0.24

Sura Development and Investment ROCE % Calculation

Sura Development and 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 )
	=	-0.018	/	( ( (3.648 - 0.325)	+	(3.654 - 0.344) )	/ 2 )
	=	-0.018	/	( (3.323	+	3.31)	/ 2 )
	=	-0.018	/	3.3165
	=	-0.54 %

Sura Development and Investment'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 )
	=	-0.008	/	( ( (3.652 - 0.359)	+	(3.653 - 0.363) )	/ 2 )
	=	-0.008	/	( ( 3.293	+	3.29 )	/ 2 )
	=	-0.008	/	3.2915
	=	-0.24 %

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

Sura Development and Investment (AMM:SURA) 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.

Sura Development and Investment ROCE % Related Terms

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Sura Development and Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sura Development and Investment PLC (AMM:SURA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abdul Hamid Sharaf Street, Po Box 954140, Al Akkad Building No. 84 - 4th Floor - Office 17, Amman, JOR, 11954

Website

https://www.sura-invest.com

Sura Development and Investment PLC is a Jordan-based company engaged in the establishment and management of tourist hotels, owning agencies, patents, movable and immovable assets, and others.

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