DAMAC Properties Dubai Co PJSC (DFM:DAMAC) ROCE % : 1.30% (As of Dec. 2021)

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What is DAMAC Properties Dubai Co PJSC 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. DAMAC Properties Dubai Co PJSC's annualized ROCE % for the quarter that ended in Dec. 2021 was 1.30%.

DAMAC Properties Dubai Co PJSC ROCE % Historical Data

The historical data trend for DAMAC Properties Dubai Co PJSC'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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DAMAC Properties Dubai Co PJSC ROCE % Chart

DAMAC Properties Dubai Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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16.33

8.42

1.45

-2.40

-1.80

DAMAC Properties Dubai Co PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															8.57	-3.31	-1.45	-4.15	1.30

DAMAC Properties Dubai Co PJSC ROCE % Calculation

DAMAC Properties Dubai Co PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-288.015	/	( ( (21135.721 - 4969.11)	+	(22318.7 - 6535.928) )	/ 2 )
	=	-288.015	/	( (16166.611	+	15782.772)	/ 2 )
	=	-288.015	/	15974.6915
	=	-1.80 %

DAMAC Properties Dubai Co PJSC's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	194.512	/	( ( (21244.77 - 7062.346)	+	(22318.7 - 6535.928) )	/ 2 )
	=	194.512	/	( ( 14182.424	+	15782.772 )	/ 2 )
	=	194.512	/	14982.598
	=	1.30 %

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

DAMAC Properties Dubai Co PJSC (DFM:DAMAC) 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.

DAMAC Properties Dubai Co PJSC ROCE % Related Terms

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DAMAC Properties Dubai Co PJSC (DFM:DAMAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DAMAC Properties Dubai Co PJSC (DFM:DAMAC) » Definitions » ROCE %

Comparable Companies

SHSE:600639 SHSE:600325 OSTO:ATRLJ B XTAE:GVYM TPE:2542 HKSE:09993 SHSE:600376 HKSE:00813 SHSE:600773 SZSE:002146

Traded in Other Exchanges

N/A

Address

Al Barsha Heights (Tecom), P.O. Box 2195, Executive Heights Building, Dubai, ARE

Website

https://www.damacproperties.com

DAMAC Properties Dubai Co PJSC along with its subsidiaries is engaged in the development of properties in the Middle East. It develops high-end and luxury residential, commercial and leisure properties across the UAE and internationally. The company derives a majority of revenue from the UAE region.

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