Makkah Construction & Development Co (SAU:4100) ROCE % : 9.94% (As of Mar. 2024)

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What is Makkah Construction & 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. Makkah Construction & Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.94%.

Makkah Construction & Development Co ROCE % Historical Data

The historical data trend for Makkah Construction & 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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Makkah Construction & Development Co ROCE % Chart

Makkah Construction & Development Co Annual Data

Trend

Apr14

Apr15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Dec23

ROCE %

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5.00

-1.01

0.61

2.77

8.93

Makkah Construction & Development Co Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Jun21	Sep21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.14	12.12	6.46	7.90	9.94

Makkah Construction & Development Co ROCE % Calculation

Makkah Construction & 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: Jan. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jan. 2022 )		(A: Dec. 2023 )
	=	346.033	/	( ( (3907.606 - 387.43)	+	(4622.168 - 392.346) )	/ 2 )
	=	346.033	/	( (3520.176	+	4229.822)	/ 2 )
	=	346.033	/	3874.999
	=	8.93 %

Makkah Construction & Development Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	448.304	/	( ( (4622.168 - 392.346)	+	(5301.672 - 508.185) )	/ 2 )
	=	448.304	/	( ( 4229.822	+	4793.487 )	/ 2 )
	=	448.304	/	4511.6545
	=	9.94 %

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

Makkah Construction & Development Co (SAU:4100) 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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Makkah Construction & Development Co (SAU:4100) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Azizia General Street, P.O. Box 7134, Fakih Commercial Center, Seventh Floor, Makkah Al-Mukarramah, Mecca, SAU, 21955

Website

https://www.mcdc.com.sa

Makkah Construction & Development Co is engaged in developing construction projects such as developing facilities near the Holy Mosque of Makkah. The companies objectives are Build up the areas around Makkah Holy mosque, Owning, developing, operating and investing the real estate around Makkah Holy mosque and Caring all engineering works, survey, demolishing & constructions works for the company projects.

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