View United Real Estate Development Co (SAU:9591) ROCE % : 11.56% (As of Jun. 2024)

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What is View United 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. View United Real Estate Development Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.56%.

View United Real Estate Development Co ROCE % Historical Data

The historical data trend for View United 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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View United Real Estate Development Co ROCE % Chart

View United Real Estate Development Co Annual Data

Trend

Dec22

Dec23

ROCE %

48.40

37.40

View United Real Estate Development Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-	28.28	42.30	11.56

View United Real Estate Development Co ROCE % Calculation

View United 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 )
	=	19.443	/	( ( (57.13 - 20.819)	+	(81.645 - 13.994) )	/ 2 )
	=	19.443	/	( (36.311	+	67.651)	/ 2 )
	=	19.443	/	51.981
	=	37.40 %

View United Real Estate Development Co'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 )
	=	9.412	/	( ( (81.645 - 13.994)	+	(111.044 - 15.854) )	/ 2 )
	=	9.412	/	( ( 67.651	+	95.19 )	/ 2 )
	=	9.412	/	81.4205
	=	11.56 %

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

View United Real Estate Development Co (SAU:9591) 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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View United Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » View United Real Estate Development Co (SAU:9591) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

3898 Anas Bin Malik Road, Al Yasmeen District 6577, Riyadh, SAU, 13325

Website

https://www.view.sa

View United Real Estate Development Co is a real estate development company relying on high expertise and modern technology in all stages of development and implementation to reach the architectural and construction design. The company's business activities consists of construction of residential buildings, general construction of non-residential buildings such as schools, hospitals, and hotels, purchasing and selling land and properties, off-plan sales, and management and leasing of owned or leased residential and non-residential properties.

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