United Real Estate Co (K S C) (KUW:URC) ROCE % : 5.19% (As of Mar. 2024)

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What is United Real Estate Co (K S C) 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. United Real Estate Co (K S C)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 5.19%.

United Real Estate Co (K S C) ROCE % Historical Data

The historical data trend for United Real Estate Co (K S C)'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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United Real Estate Co (K S C) ROCE % Chart

United Real Estate Co (K S C) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.41

-0.90

0.94

3.48

4.93

United Real Estate Co (K S C) 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															5.40	5.31	4.44	3.69	5.19

United Real Estate Co (K S C) ROCE % Calculation

United Real Estate Co (K S C)'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 )
	=	26.397	/	( ( (667.715 - 172.61)	+	(665.479 - 88.676) )	/ 2 )
	=	26.397	/	( (495.105	+	576.803)	/ 2 )
	=	26.397	/	535.954
	=	4.93 %

United Real Estate Co (K S C)'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 )
	=	29.828	/	( ( (665.479 - 88.676)	+	(650.802 - 78.831) )	/ 2 )
	=	29.828	/	( ( 576.803	+	571.971 )	/ 2 )
	=	29.828	/	574.387
	=	5.19 %

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

United Real Estate Co (K S C) (KUW:URC) 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.

United Real Estate Co (K S C) ROCE % Related Terms

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United Real Estate Co (K S C) (KUW:URC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » United Real Estate Co (K S C) (KUW:URC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Khalid Bin Al-Waleed Street, P.O. Box 2232, Al Shaheed Tower, Floors 7-8-9-10, Sharq, Safat, Kuwait, KWT, 13023

Website

https://www.urc.com.kw

United Real Estate Co (K S C) is a diversified real estate company. The firm primarily operates through a number of operating subsidiaries and investment arms across the Middle East and North Africa region. The company's core business is real estate development and operations. It has a diversified portfolio of assets that comprise residential, office, hospitality, and retail properties. In addition, the firm's operations extend to construction and contracting, facility management, and project management through its several subsidiaries. Its primary geographic markets are Kuwait, Jordan, Egypt and Oman out of which Kuwait generates maximum revenue for the company.

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