Dar Alarkan Real Estate Development Co (SAU:4300) ROCE % : 2.21% (As of Mar. 2024)

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What is Dar Alarkan Real Estate Development 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. Dar Alarkan Real Estate Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.21%.

Dar Alarkan Real Estate Development Co ROCE % Historical Data

The historical data trend for Dar Alarkan Real Estate Development 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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Dar Alarkan Real Estate Development Co ROCE % Chart

Dar Alarkan Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.25

0.07

0.49

2.20

2.21

Dar Alarkan Real Estate Development Co 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															1.77	2.21	2.21	2.73	2.21

Dar Alarkan Real Estate Development Co ROCE % Calculation

Dar Alarkan Real Estate Development 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 )
	=	627.401	/	( ( (33512.853 - 6067.519)	+	(33655.304 - 4299.431) )	/ 2 )
	=	627.401	/	( (27445.334	+	29355.873)	/ 2 )
	=	627.401	/	28400.6035
	=	2.21 %

Dar Alarkan Real Estate Development 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 )
	=	631.68	/	( ( (33655.304 - 4299.431)	+	(34426.412 - 6608.19) )	/ 2 )
	=	631.68	/	( ( 29355.873	+	27818.222 )	/ 2 )
	=	631.68	/	28587.0475
	=	2.21 %

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

Dar Alarkan Real Estate Development Co (SAU:4300) 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.

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Dar Alarkan Real Estate Development Co (SAU:4300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dar Alarkan Real Estate Development Co (SAU:4300) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

12622 Makkah Road, Beside Riyadh Marriott Hotel, Al Wizarat, Riyadh, SAU, 11656

Website

https://www.daralarkan.com

Dar Alarkan Real Estate Development Company along with its subsidiaries is engaged in the business of development, sale and leasing of real estate projects and associated activities. The company operates in two reportable segments which are Development properties and Leasing and management of properties. The majority of the revenue is generated from the development properties segment.

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