Al Madina for finance and Investment Co (DFM:ALMADINA) ROCE % : 7.29% (As of Jun. 2021)

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What is Al Madina for finance and Investment Co 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. Al Madina for finance and Investment Co's annualized ROCE % for the quarter that ended in Jun. 2021 was 7.29%.

Al Madina for finance and Investment Co ROCE % Historical Data

The historical data trend for Al Madina for finance and Investment Co'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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Al Madina for finance and Investment Co ROCE % Chart

Al Madina for finance and Investment Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-6.72

-5.36

-5.98

-5.69

0.65

Al Madina for finance and Investment Co Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial															6.17	-	-	1.57	7.29

Al Madina for finance and Investment Co ROCE % Calculation

Al Madina for finance and Investment Co's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	2.168	/	( ( (329.444 - 0)	+	(335.027 - 0) )	/ 2 )
	=	2.168	/	( (329.444	+	335.027)	/ 2 )
	=	2.168	/	332.2355
	=	0.65 %

Al Madina for finance and Investment Co's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	16.484	/	( ( (332.475 - 105.71)	+	(320.507 - 95.108) )	/ 2 )
	=	16.484	/	( ( 226.765	+	225.399 )	/ 2 )
	=	16.484	/	226.082
	=	7.29 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

Al Madina for finance and Investment Co (DFM:ALMADINA) 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.

Al Madina for finance and Investment Co ROCE % Related Terms

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Al Madina for finance and Investment Co (DFM:ALMADINA) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al Madina for finance and Investment Co (DFM:ALMADINA) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Al Merqab, Al Sour Street, Jassim Al Asfour Tower, P.O. Box 2799, Safat, Kuwait City, KWT, 13028

Website

http://www.almadinainvest.com

Al Madina for finance and Investment Co. is an investment company. Its activities revolve around direct investments, fund management, portfolio management, and financial services with a key focus in the Middle East and North Africa region. The company has two segments that drive the operations - Real Estate segment which develops and sells land and properties, and Investment segment is engaged in direct investment and portfolio management and investment funds for third parties.

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