SICOudi REIT Fund (SAU:4337) ROCE % : -62.45% (As of Jun. 2024)

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What is SICOudi REIT Fund 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. SICOudi REIT Fund's annualized ROCE % for the quarter that ended in Jun. 2024 was -62.45%.

SICOudi REIT Fund ROCE % Historical Data

The historical data trend for SICOudi REIT Fund'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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SICOudi REIT Fund ROCE % Chart

SICOudi REIT Fund Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

4.18

-10.21

1.12

-16.75

-10.51

SICOudi REIT Fund Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial					9.76	-43.74	-22.12	1.30	-62.45

SICOudi REIT Fund ROCE % Calculation

SICOudi REIT Fund'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 )
	=	-40.356	/	( ( (577.126 - 166.936)	+	(527.528 - 169.569) )	/ 2 )
	=	-40.356	/	( (410.19	+	357.959)	/ 2 )
	=	-40.356	/	384.0745
	=	-10.51 %

SICOudi REIT Fund'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 )
	=	-191.676	/	( ( (527.528 - 169.569)	+	(431.264 - 175.414) )	/ 2 )
	=	-191.676	/	( ( 357.959	+	255.85 )	/ 2 )
	=	-191.676	/	306.9045
	=	-62.45 %

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

SICOudi REIT Fund (SAU:4337) 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.

SICOudi REIT Fund ROCE % Related Terms

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SICOudi REIT Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SICO Saudi REIT Fund (SAU:4337) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7702 King Fahd Road, CMC Tower, 5th floor, Al Malqa District, Riyadh, SAU, 13524

Website

https://www.sicocapital.com

SICO Saudi REIT Fund is a closed-ended Shariah-compliant real estate investment traded fund. The main objective of the Fund is to provide current income to investors by investing in real estate assets that have been developed with income generating and investment development by investing in real estate assets in Saudi Arabia (excluding Makkah and Madinah). The fund invests mainly in real estate in Saudi Arabia.

SICOudi REIT Fund Headlines

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