Egyptian for Tourism Resorts (CAI:EGTS) ROCE % : -34.40% (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

What is Egyptian for Tourism Resorts 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. Egyptian for Tourism Resorts's annualized ROCE % for the quarter that ended in Dec. 2023 was -34.40%.

Egyptian for Tourism Resorts ROCE % Historical Data

The historical data trend for Egyptian for Tourism Resorts'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.

* Premium members only.

Egyptian for Tourism Resorts ROCE % Chart

Egyptian for Tourism Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-7.72

-8.88

-10.72

-4.30

-8.88

Egyptian for Tourism Resorts Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.61	-3.99	33.34	39.63	-34.40

Egyptian for Tourism Resorts ROCE % Calculation

Egyptian for Tourism Resorts'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 )
	=	-143.416	/	( ( (2398.172 - 1078.059)	+	(2943.99 - 1035.373) )	/ 2 )
	=	-143.416	/	( (1320.113	+	1908.617)	/ 2 )
	=	-143.416	/	1614.365
	=	-8.88 %

Egyptian for Tourism Resorts's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-674.352	/	( ( (3109.391 - 1097.357)	+	(2943.99 - 1035.373) )	/ 2 )
	=	-674.352	/	( ( 2012.034	+	1908.617 )	/ 2 )
	=	-674.352	/	1960.3255
	=	-34.40 %

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

Egyptian for Tourism Resorts (CAI:EGTS) 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.

Egyptian for Tourism Resorts ROCE % Related Terms

Thank you for viewing the detailed overview of Egyptian for Tourism Resorts's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Egyptian for Tourism Resorts (CAI:EGTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Egyptian for Tourism Resorts (CAI:EGTS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4A Aziz Abaza Street, Zamalek, Cairo, EGY

Website

http://www.erc-egypt.com

Egyptian for Tourism Resorts is an Egypt-based company that operates in the tourism and hospitality sectors. The company is engaged in the construction and management of integrated touristic and residential projects in Sahl Hasheesh area, Red Sea province. The company's projects include Sahl Hasheesh project, which is located 18 kilometers south of Hurghada International Airport and it consists of hotels and apartments, and the Sawari Marina project. It also focuses on the sale of pre-planned land plots to sub-developers; the provision of municipal services; the sale of electricity, water and irrigation, among others, and development and operation of specific strategic attractions, such as a downtown core, a marina or other key assets.

Egyptian for Tourism Resorts (CAI:EGTS) Headlines

No Headlines