Al Tajamouat for Catering and Housing Co (AMM:JNTH) ROCE % : 6.37% (As of Mar. 2024)

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What is Al Tajamouat for Catering and Housing 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. Al Tajamouat for Catering and Housing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.37%.

Al Tajamouat for Catering and Housing Co ROCE % Historical Data

The historical data trend for Al Tajamouat for Catering and Housing 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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Al Tajamouat for Catering and Housing Co ROCE % Chart

Al Tajamouat for Catering and Housing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.11

1.22

3.09

27.05

4.18

Al Tajamouat for Catering and Housing Co 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															1.72	2.91	4.40	7.72	6.37

Al Tajamouat for Catering and Housing Co ROCE % Calculation

Al Tajamouat for Catering and Housing 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 )
	=	0.276	/	( ( (8.578 - 1.884)	+	(8.356 - 1.855) )	/ 2 )
	=	0.276	/	( (6.694	+	6.501)	/ 2 )
	=	0.276	/	6.5975
	=	4.18 %

Al Tajamouat for Catering and Housing 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 )
	=	0.416	/	( ( (8.356 - 1.855)	+	(8.308 - 1.752) )	/ 2 )
	=	0.416	/	( ( 6.501	+	6.556 )	/ 2 )
	=	0.416	/	6.5285
	=	6.37 %

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

Al Tajamouat for Catering and Housing Co (AMM:JNTH) 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 Tajamouat for Catering and Housing Co ROCE % Related Terms

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Al Tajamouat for Catering and Housing Co (AMM:JNTH) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Al Tajamouat for Catering and Housing Co PLC (AMM:JNTH) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Shmeisani Abd Al-Hameed Badees Street, P.O.Box 14, Amman, JOR, 11636

Website

http://www.altajamouat-ch.com

Al Tajamouat for Catering and Housing Co PLC is engaged in the construction, purchasing and managing all kinds of catering and restaurants utilities to present catering service for companies and individuals as well as construction and purchases all kinds of housing building and performing housing services.

Al Tajamouat for Catering and Housing Co (AMM:JNTH) Headlines

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