Musharaka REIT (SAU:4335) ROCE % : 1.90% (As of Jun. 2024)

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What is Musharaka REIT 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. Musharaka REIT's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.90%.

Musharaka REIT ROCE % Historical Data

The historical data trend for Musharaka REIT'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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Musharaka REIT ROCE % Chart

Musharaka REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.27

4.09

3.64

2.81

3.03

Musharaka REIT Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial									3.27	1.91	3.37	2.41	1.90

Musharaka REIT ROCE % Calculation

Musharaka REIT'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 )
	=	44.569	/	( ( (1657.16 - 174.083)	+	(1633.949 - 176.968) )	/ 2 )
	=	44.569	/	( (1483.077	+	1456.981)	/ 2 )
	=	44.569	/	1470.029
	=	3.03 %

Musharaka REIT's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	28.464	/	( ( (1633.949 - 176.968)	+	(1605.994 - 63.934) )	/ 2 )
	=	28.464	/	( ( 1456.981	+	1542.06 )	/ 2 )
	=	28.464	/	1499.5205
	=	1.90 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Musharaka REIT (SAU:4335) 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.

Musharaka REIT ROCE % Related Terms

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Musharaka REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Musharaka REIT (SAU:4335) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Turky Bin Abdulaziz Road, Adeer Tower, 13th floor, PO. Box 712, AlKhobar, SAU, 31952

Website

https://www.musharakacapital.com

Musharaka REIT is a closed-end real estate investment fund. Its investment objective is to invest in developing properties that are qualified to generate periodic rental income, while its dividend policy is to distribute at least 90% of the Fund's net profit as cash dividends to the unit holders annually. Its product and services include Asset Management, Investment banking, and Custody.

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