Emaar the Economic City JSC (SAU:4220) ROCE % : -2.95% (As of Dec. 2023)

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What is Emaar the Economic City JSC 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. Emaar the Economic City JSC's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.95%.

Emaar the Economic City JSC ROCE % Historical Data

The historical data trend for Emaar the Economic City JSC'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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Emaar the Economic City JSC ROCE % Chart

Emaar the Economic City JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.35

-9.41

-5.25

-9.06

4.10

Emaar the Economic City JSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-17.17	-3.61	12.95	9.88	-2.95

Emaar the Economic City JSC ROCE % Calculation

Emaar the Economic City JSC'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 )
	=	272.381	/	( ( (15190.831 - 8392.481)	+	(15149.663 - 8668.991) )	/ 2 )
	=	272.381	/	( (6798.35	+	6480.672)	/ 2 )
	=	272.381	/	6639.511
	=	4.10 %

Emaar the Economic City JSC's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-194.608	/	( ( (15586.505 - 8894.808)	+	(15149.663 - 8668.991) )	/ 2 )
	=	-194.608	/	( ( 6691.697	+	6480.672 )	/ 2 )
	=	-194.608	/	6586.1845
	=	-2.95 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Emaar the Economic City JSC (SAU:4220) 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.

Emaar the Economic City JSC ROCE % Related Terms

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Emaar the Economic City JSC (SAU:4220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Emaar the Economic City JSC (SAU:4220) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Abdullah Economic City, Rabigh, SAU

Website

https://www.kaec.net

Emaar the Economic City JSC is a real estate development and management company. The main activity of the company is the development of the King Abdullah Economic City (KAEC). It is also engaged in the development of real estate in the economic and other zones and other development activities, including infrastructures, promotion, marketing and sale of land within development areas, development of buildings and housing units, and construction on behalf of other parties.

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