Orascom Construction (CAI:ORAS) ROCE % : 56.35% (As of Mar. 2024)

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What is Orascom Construction 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. Orascom Construction's annualized ROCE % for the quarter that ended in Mar. 2024 was 56.35%.

Orascom Construction ROCE % Historical Data

The historical data trend for Orascom Construction'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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Orascom Construction ROCE % Chart

Orascom Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.27

23.09

25.73

35.01

41.56

Orascom Construction 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															37.61	74.75	18.45	27.38	56.35

Orascom Construction ROCE % Calculation

Orascom Construction'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 )
	=	8648.926	/	( ( (86999.57 - 68813.275)	+	(113320.093 - 89883.297) )	/ 2 )
	=	8648.926	/	( (18186.295	+	23436.796)	/ 2 )
	=	8648.926	/	20811.5455
	=	41.56 %

Orascom Construction'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 )
	=	16045.844	/	( ( (113320.093 - 89883.297)	+	(146962.076 - 113444.489) )	/ 2 )
	=	16045.844	/	( ( 23436.796	+	33517.587 )	/ 2 )
	=	16045.844	/	28477.1915
	=	56.35 %

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

Orascom Construction (CAI:ORAS) 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.

Orascom Construction ROCE % Related Terms

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Orascom Construction (CAI:ORAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Orascom Construction PLC (CAI:ORAS) » Definitions » ROCE %

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N/A

Address

Office 301, Level 3, Gate Village-Building 1, P.O. Box 507031, Dubai International Financial Centre, Dubai, ARE

Website

https://www.orascom.com

Orascom Construction PLC is an engineering company in the United Arab Emirates. Its area of operations are infrastructure, industrial and commercial projects predominantly in the Middle East and also in North Africa, the United States and the Pacific Rim regions. The company's brands comprise Orascom, Contrack Watts, The Weirz Company, The Besix Group, Concessions and Investments, Construction Materials and Property Management.

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