Elsaeed Contracting& Real Estate Investment Co SCCD (CAI:UEGC) ROCE % : 11.37% (As of Dec. 2023)

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What is Elsaeed Contracting& Real Estate Investment Co SCCD 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. Elsaeed Contracting& Real Estate Investment Co SCCD's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.37%.

Elsaeed Contracting& Real Estate Investment Co SCCD ROCE % Historical Data

The historical data trend for Elsaeed Contracting& Real Estate Investment Co SCCD'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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Elsaeed Contracting& Real Estate Investment Co SCCD ROCE % Chart

Elsaeed Contracting& Real Estate Investment Co SCCD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.90

1,248.90

0.27

0.06

18.42

Elsaeed Contracting& Real Estate Investment Co SCCD Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															19.31	45.77	32.98	40.83	11.37

Elsaeed Contracting& Real Estate Investment Co SCCD ROCE % Calculation

Elsaeed Contracting& Real Estate Investment Co SCCD'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 )
	=	417.027	/	( ( (2964.958 - 1829.516)	+	(3631.512 - 239.837) )	/ 2 )
	=	417.027	/	( (1135.442	+	3391.675)	/ 2 )
	=	417.027	/	2263.5585
	=	18.42 %

Elsaeed Contracting& Real Estate Investment Co SCCD's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	261.516	/	( ( (3539.658 - 2331.387)	+	(3631.512 - 239.837) )	/ 2 )
	=	261.516	/	( ( 1208.271	+	3391.675 )	/ 2 )
	=	261.516	/	2299.973
	=	11.37 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Elsaeed Contracting& Real Estate Investment Co SCCD (CAI:UEGC) 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.

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Elsaeed Contracting& Real Estate Investment Co SCCD (CAI:UEGC) Business Description

Industry

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Address

26th July, 5 Avenue, Eleventh Floor, Po Box 89 - Bab El Louk, Cairo, EGY

Website

http://www.elsaeed-contracting.com

Elsaeed Contracting& Real Estate Investment Co SCCD constructs buildings. The company constructs low-and medium-income housing, drainage projects, government buildings, and schools.

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