Al Waha Capital PJSC (ADX:WAHA) ROCE % : 8.59% (As of Jun. 2023)

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What is Al Waha Capital 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. Al Waha Capital PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 8.59%.

Al Waha Capital PJSC ROCE % Historical Data

The historical data trend for Al Waha Capital 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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Al Waha Capital PJSC ROCE % Chart

Al Waha Capital PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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5.12

-4.67

9.94

15.15

10.38

Al Waha Capital PJSC Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-3.29	7.56	13.27	9.99	8.59

Al Waha Capital PJSC ROCE % Calculation

Al Waha Capital PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	555.588	/	( ( (9589.566 - 4451.893)	+	(9497.441 - 3927.898) )	/ 2 )
	=	555.588	/	( (5137.673	+	5569.543)	/ 2 )
	=	555.588	/	5353.608
	=	10.38 %

Al Waha Capital PJSC's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	835.908	/	( ( (10010.734 - 457.737)	+	(10212.569 - 306.692) )	/ 2 )
	=	835.908	/	( ( 9552.997	+	9905.877 )	/ 2 )
	=	835.908	/	9729.437
	=	8.59 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

Al Waha Capital PJSC (ADX:WAHA) 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 Waha Capital PJSC ROCE % Related Terms

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Al Waha Capital PJSC (ADX:WAHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Al Waha Capital PJSC (ADX:WAHA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Etihad Towers, P.O. Box 28922, 42nd Floor, Tower 3, Ras Al Akhdar Area, Abu Dhabi, ARE

Website

https://www.wahacapital.com

Al Waha Capital PJSC manages various assets across many sectors, including aircraft leasing, healthcare, financial services, energy, infrastructure, industrial real estate, and capital markets. Traditionally, the company has invested for governments in the Middle East and Northern Africa. However, through private equity offerings, it offers investments to third-party investors. Operations are split between two platforms: Principal Investments and Asset Management. Although the company allocates investment assets globally, it focuses on investments in the Middle East. The company seeks to acquire joint control or significant minority stakes in many situations. Through its significant ownership, it attempts to add value through registration on boards, and committees.

Al Waha Capital PJSC (ADX:WAHA) Headlines

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