Eshraq Investments PJSC (ADX:ESHRAQ) ROCE % : -58.30% (As of Mar. 2024)

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What is Eshraq Investments PJSC 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. Eshraq Investments PJSC's annualized ROCE % for the quarter that ended in Mar. 2024 was -58.30%.

Eshraq Investments PJSC ROCE % Historical Data

The historical data trend for Eshraq Investments PJSC'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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Eshraq Investments PJSC ROCE % Chart

Eshraq Investments PJSC Annual Data

Trend

Dec12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.26

-4.66

2.87

26.45

-20.50

Eshraq Investments PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.10	5.56	-11.45	-73.85	-58.30

Eshraq Investments PJSC ROCE % Calculation

Eshraq Investments PJSC'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 )
	=	-529.773	/	( ( (3019.773 - 86.879)	+	(2276.674 - 40.745) )	/ 2 )
	=	-529.773	/	( (2932.894	+	2235.929)	/ 2 )
	=	-529.773	/	2584.4115
	=	-20.50 %

Eshraq Investments PJSC'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 )
	=	-1214.312	/	( ( (2276.674 - 40.745)	+	(1967.566 - 38.07) )	/ 2 )
	=	-1214.312	/	( ( 2235.929	+	1929.496 )	/ 2 )
	=	-1214.312	/	2082.7125
	=	-58.30 %

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

Eshraq Investments PJSC (ADX:ESHRAQ) 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.

Eshraq Investments PJSC ROCE % Related Terms

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Eshraq Investments PJSC (ADX:ESHRAQ) Business Description

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Traded in Other Exchanges

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Address

Ras Mughayrej Street, Reem Island, P.O Box: 1087, Units 3 and 4, Ground Floor, Marina Rise Tower, Sector RT2, Abu Dhabi, ARE

Website

https://www.eshraquae.com

Eshraq Investments PJSC is a public shareholding company with a portfolio of residential, commercial, and tourism developments. It is engaged in the real estate business which includes development, sales, investment, construction, and associated services. It operates in five segments: Property development, Investment properties, Hospitality & leisure, Investment & asset management, and Holding.

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