Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) ROCE % : 4.36% (As of Mar. 2024)

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What is Dar AL Thuraya Real Estate Co KSCC 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. Dar AL Thuraya Real Estate Co KSCC's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.36%.

Dar AL Thuraya Real Estate Co KSCC ROCE % Historical Data

The historical data trend for Dar AL Thuraya Real Estate Co KSCC'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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Dar AL Thuraya Real Estate Co KSCC ROCE % Chart

Dar AL Thuraya Real Estate Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.70

3.66

5.68

2.68

2.19

Dar AL Thuraya Real Estate Co KSCC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.30	4.44	0.89	3.12	4.36

Dar AL Thuraya Real Estate Co KSCC ROCE % Calculation

Dar AL Thuraya Real Estate Co KSCC'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 )
	=	0.382	/	( ( (20.966 - 3.673)	+	(20.925 - 3.315) )	/ 2 )
	=	0.382	/	( (17.293	+	17.61)	/ 2 )
	=	0.382	/	17.4515
	=	2.19 %

Dar AL Thuraya Real Estate Co KSCC'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 )
	=	0.772	/	( ( (20.925 - 3.315)	+	(21.02 - 3.237) )	/ 2 )
	=	0.772	/	( ( 17.61	+	17.783 )	/ 2 )
	=	0.772	/	17.6965
	=	4.36 %

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

Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) 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.

Dar AL Thuraya Real Estate Co KSCC ROCE % Related Terms

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Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Fahad Al Salem Street, Al Salam Tower,, Al Salhia, Kuwait, KWT

Website

https://www.daralthuraya.com

Dar AL Thuraya Real Estate Co KSCC operates in the real estate market. It provides real estate management and marketing services; property, project, and construction management services; and real estate consultancy services. The company has three business segments. The Real estate segment engages in buying, selling, capital appreciation, and investing in real estate. The investment segment comprises investments in subsidiaries, associates, and equity securities. Other segments include revenues and expenses that are not included in the above sectors. It generates maximum revenue from the real estate segment and geographically from Kuwait.

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