Tabreed PJSC (DFM:TABREED) ROCE % : 7.84% (As of Sep. 2024)

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What is Tabreed 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. Tabreed PJSC's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.84%.

Tabreed PJSC ROCE % Historical Data

The historical data trend for Tabreed 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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Tabreed PJSC ROCE % Chart

Tabreed PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.56

6.11

4.93

5.37

6.33

Tabreed PJSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.47	5.11	5.00	7.61	7.84

Tabreed PJSC ROCE % Calculation

Tabreed PJSC'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 )
	=	904.395	/	( ( (15450.917 - 818.622)	+	(14813.69 - 873.185) )	/ 2 )
	=	904.395	/	( (14632.295	+	13940.505)	/ 2 )
	=	904.395	/	14286.4
	=	6.33 %

Tabreed PJSC's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	826.572	/	( ( (13859.531 - 3378.33)	+	(14033.896 - 3434.642) )	/ 2 )
	=	826.572	/	( ( 10481.201	+	10599.254 )	/ 2 )
	=	826.572	/	10540.2275
	=	7.84 %

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

Tabreed PJSC (DFM:TABREED) 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.

Tabreed PJSC ROCE % Related Terms

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Tabreed PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tabreed PJSC (DFM:TABREED) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 29478, Masdar City, Abu Dhabi, ARE

Website

https://www.tabreed.ae

Tabreed PJSC is engaged in to supply of chilled water, operation, and maintenance of plants, construction of secondary networks, manufacturing of pre-insulated pipes, and design and supervision consultancy. It has two reportable operating segments. The chilled water segment constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems, and the Value chain business segment is involved in ancillary activities relating to the expansion of the group's chilled water business. The company generates key revenue from Chilled water.

Tabreed PJSC Headlines

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