Mulkia Gulf Real Estate REIT (SAU:4336) ROCE % : 3.60% (As of Dec. 2023)

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What is Mulkia Gulf Real Estate 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. Mulkia Gulf Real Estate REIT's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.60%.

Mulkia Gulf Real Estate REIT ROCE % Historical Data

The historical data trend for Mulkia Gulf Real Estate 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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Mulkia Gulf Real Estate REIT ROCE % Chart

Mulkia Gulf Real Estate REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.08

3.00

3.70

2.12

2.10

Mulkia Gulf Real Estate REIT Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								3.20	-0.90	4.71	0.28	3.60

Mulkia Gulf Real Estate REIT ROCE % Calculation

Mulkia Gulf Real Estate 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 )
	=	25.857	/	( ( (1345.433 - 156.808)	+	(1310.578 - 41.627) )	/ 2 )
	=	25.857	/	( (1188.625	+	1268.951)	/ 2 )
	=	25.857	/	1228.788
	=	2.10 %

Mulkia Gulf Real Estate REIT'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	48.052	/	( ( (1433.727 - 33.11)	+	(1310.578 - 41.627) )	/ 2 )
	=	48.052	/	( ( 1400.617	+	1268.951 )	/ 2 )
	=	48.052	/	1334.784
	=	3.60 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Mulkia Gulf Real Estate REIT (SAU:4336) 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.

Mulkia Gulf Real Estate REIT ROCE % Related Terms

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Mulkia Gulf Real Estate REIT (SAU:4336) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mulkia Gulf Real Estate REIT (SAU:4336) » Definitions » ROCE %

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Address

Prince Mohammed Ibn Abdulaziz Road (Tahlia Street), P.O. Box 52775, Al-Olaya Area, Aknaz Commercial Center (184), Office (3), Riyadh, SAU, 11573

Website

https://www.mulkia.com.sa

Mulkia Gulf Real Estate REIT is a closed-end real estate investment fund company. The company is engaged in acquiring a number of income generating real estates, which are under four specific real estate assets in major cities within Saudi Arabia.

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