Al-Salam Real Estate Investment Trust (XKLS:5269) ROCE % : 3.66% (As of Sep. 2024)

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What is Al-Salam Real Estate Investment Trust 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. Al-Salam Real Estate Investment Trust's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.66%.

Al-Salam Real Estate Investment Trust ROCE % Historical Data

The historical data trend for Al-Salam Real Estate Investment Trust'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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Al-Salam Real Estate Investment Trust ROCE % Chart

Al-Salam Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.12

-1.08

2.41

9.13

5.82

Al-Salam Real Estate Investment Trust Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.61	9.96	4.15	3.64	3.66

Al-Salam Real Estate Investment Trust ROCE % Calculation

Al-Salam Real Estate Investment Trust'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 )
	=	58.376	/	( ( (1305.114 - 473.105)	+	(1316.061 - 140.374) )	/ 2 )
	=	58.376	/	( (832.009	+	1175.687)	/ 2 )
	=	58.376	/	1003.848
	=	5.82 %

Al-Salam Real Estate Investment Trust's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	46.088	/	( ( (1314.869 - 55.387)	+	(1316.558 - 57.47) )	/ 2 )
	=	46.088	/	( ( 1259.482	+	1259.088 )	/ 2 )
	=	46.088	/	1259.285
	=	3.66 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Al-Salam Real Estate Investment Trust (XKLS:5269) 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.

Al-Salam Real Estate Investment Trust ROCE % Related Terms

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Al-Salam Real Estate Investment Trust Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Al-Salam Real Estate Investment Trust (XKLS:5269) » Definitions » ROCE %

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Address

V SQUARE, Jalan Utara, Unit 1-19-02, Level 19, Block 1, Bandar Petaling Jaya, Petaling Jaya, SGR, MYS, 46200

Website

https://www.alsalamreit.com.my

Al-Salam Real Estate Investment Trust is an Islamic REIT (Real Estate Investment Trust) based in Malaysia. The principal activity of the trust is to invest in Shariah-compliant properties. Its segments includes Food and Beverage (F&B), which is divided into a restaurant and non-restaurant outlets; Retail outlets; Office buildings; Industrial and others, and Other comprising fund level operations. The Fund's key objective is to provide unitholders with regular and stable income distributions, sustainable long-term unit prices, and distributable income and capital growth while maintaining an appropriate capital structure. The Fund operates solely in Malaysia.

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