Dubai Electricity & Water Authority PJSC (DFM:DEWA) ROCE % : 5.00% (As of Dec. 2023)

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What is Dubai Electricity & Water Authority 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. Dubai Electricity & Water Authority PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.00%.

Dubai Electricity & Water Authority PJSC ROCE % Historical Data

The historical data trend for Dubai Electricity & Water Authority 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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Dubai Electricity & Water Authority PJSC ROCE % Chart

Dubai Electricity & Water Authority PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.25

4.30

4.70

5.50

5.93

Dubai Electricity & Water Authority PJSC Quarterly Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.51	2.66	6.29	10.19	5.00

Dubai Electricity & Water Authority PJSC ROCE % Calculation

Dubai Electricity & Water Authority 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 )
	=	9435.138	/	( ( (180752.559 - 17117.644)	+	(181163.507 - 26488.69) )	/ 2 )
	=	9435.138	/	( (163634.915	+	154674.817)	/ 2 )
	=	9435.138	/	159154.866
	=	5.93 %

Dubai Electricity & Water Authority PJSC'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 )
	=	7764.076	/	( ( (183499.973 - 27807.687)	+	(181163.507 - 26488.69) )	/ 2 )
	=	7764.076	/	( ( 155692.286	+	154674.817 )	/ 2 )
	=	7764.076	/	155183.5515
	=	5.00 %

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

Dubai Electricity & Water Authority PJSC (DFM:DEWA) 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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Dubai Electricity & Water Authority PJSC (DFM:DEWA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Dubai Electricity & Water Authority PJSC (DFM:DEWA) » Definitions » ROCE %

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Address

Sheikh Rashid Road, Umm Hurair 2, P.O. Box 564, Near Wafi Mall, Happiness Center Zaabeel East, Dubai, ARE

Website

https://www.dewa.gov.ae

Dubai Electricity & Water Authority PJSC is engaged in water desalination and distribution and the generation, transmission and distribution of electricity, throughout the Emirate of Dubai. The group is organised into four segments: Electricity, Water, District cooling charges, and others. It generates maximum revenue from the Electricity segment.

Dubai Electricity & Water Authority PJSC (DFM:DEWA) Headlines

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