Derayah REIT Fund (SAU:4339) ROCE % : 4.88% (As of Jun. 2024)

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What is Derayah 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. Derayah REIT Fund's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.88%.

Derayah REIT Fund ROCE % Historical Data

The historical data trend for Derayah 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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Derayah REIT Fund ROCE % Chart

Derayah REIT Fund Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.52

5.03

4.13

5.27

5.78

Derayah REIT Fund Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial							5.19	5.34	3.17	8.36	4.88

Derayah REIT Fund ROCE % Calculation

Derayah 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 )
	=	90.248	/	( ( (1658.431 - 28.412)	+	(1513.471 - 21.013) )	/ 2 )
	=	90.248	/	( (1630.019	+	1492.458)	/ 2 )
	=	90.248	/	1561.2385
	=	5.78 %

Derayah 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 )
	=	72.878	/	( ( (1513.471 - 21.013)	+	(1527.315 - 32.033) )	/ 2 )
	=	72.878	/	( ( 1492.458	+	1495.282 )	/ 2 )
	=	72.878	/	1493.87
	=	4.88 %

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

Derayah REIT Fund (SAU:4339) 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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Derayah REIT Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Derayah REIT Fund (SAU:4339) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Olaya Public Street, P.O Box 286546, Second Floor, Olaya Center, Riyadh, SAU, 11323

Website

https://www.derayah.com

Derayah REIT Fund operates as a real estate investment company in Saudi Arabia. Its aim is to generate income on the invested capital by acquiring a number of diverse, completed, and income-generating real estate assets in Saudi Arabia with the exception of Mecca and Medina. The company services include Real Estate, Unified Trading, Margin Financing, Asset Management, Equity, and Alternative investment funds.

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