Deyaar Development PJSC (DFM:DEYAAR) ROCE % : 6.54% (As of Mar. 2024)

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What is Deyaar Development 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. Deyaar Development PJSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.54%.

Deyaar Development PJSC ROCE % Historical Data

The historical data trend for Deyaar Development 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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Deyaar Development PJSC ROCE % Chart

Deyaar Development PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.92

-3.49

1.63

3.45

9.19

Deyaar Development 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															5.23	5.89	10.02	16.09	6.54

Deyaar Development PJSC ROCE % Calculation

Deyaar Development 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 )
	=	500.526	/	( ( (6165.696 - 795.471)	+	(6564.869 - 1037.602) )	/ 2 )
	=	500.526	/	( (5370.225	+	5527.267)	/ 2 )
	=	500.526	/	5448.746
	=	9.19 %

Deyaar Development 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 )
	=	363.028	/	( ( (6564.869 - 1037.602)	+	(6704.076 - 1130.966) )	/ 2 )
	=	363.028	/	( ( 5527.267	+	5573.11 )	/ 2 )
	=	363.028	/	5550.1885
	=	6.54 %

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

Deyaar Development PJSC (DFM:DEYAAR) 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.

Deyaar Development PJSC ROCE % Related Terms

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Deyaar Development PJSC (DFM:DEYAAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Deyaar Development PJSC (DFM:DEYAAR) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Deyaar Building, Level 5, P.O. Box 30833, Besides Mall of the Emirates, Al Barsha, Dubai, ARE

Website

http://www.deyaar.ae

Deyaar Development PJSC is a real estate development company in Dubai. It has projects in Business Bay, Dubai Marina, Al Barsha, Jumeirah Lake Towers, Dubai Production City, and Dubai Silicon Oasis among other locations. The company's projects include residential tower developments, commercial tower developments, and hospitality developments. The company's business operations are divided into three segments: Property Development, and Properties and facilities Management and Hospitality related activities. The Property Development segment develops residential, commercial, and retail space for sale and lease. The Property Development segment is responsible for generating the majority of the company's revenue.

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