Parkin Co (DFM:PARKIN) ROCE % : 34.10% (As of Mar. 2024)

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What is Parkin 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. Parkin Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 34.10%.

Parkin Co ROCE % Historical Data

The historical data trend for Parkin 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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Parkin Co ROCE % Chart

Parkin Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

91.74

167.36

50.82

Parkin Co Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
ROCE %	-	-	287.94	-	34.10

Parkin Co ROCE % Calculation

Parkin Co'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 )
	=	394.625	/	( ( (289.66 - 151.837)	+	(1863.103 - 447.915) )	/ 2 )
	=	394.625	/	( (137.823	+	1415.188)	/ 2 )
	=	394.625	/	776.5055
	=	50.82 %

Parkin Co'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 )
	=	501.308	/	( ( (1863.103 - 447.915)	+	(2065.624 - 540.167) )	/ 2 )
	=	501.308	/	( ( 1415.188	+	1525.457 )	/ 2 )
	=	501.308	/	1470.3225
	=	34.10 %

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

Parkin Co (DFM:PARKIN) 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.

Parkin Co ROCE % Related Terms

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Parkin Co (DFM:PARKIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE

Website

https://www.parkin.ae

Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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