Munshaat Real Estate Projects Co KSCC (KUW:MUNSHAAT) ROCE % : 20.47% (As of Mar. 2024)

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What is Munshaat Real Estate Projects Co KSCC 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. Munshaat Real Estate Projects Co KSCC's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.47%.

Munshaat Real Estate Projects Co KSCC ROCE % Historical Data

The historical data trend for Munshaat Real Estate Projects Co KSCC'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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Munshaat Real Estate Projects Co KSCC ROCE % Chart

Munshaat Real Estate Projects Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.27

-32.50

-20.59

8.51

30.11

Munshaat Real Estate Projects Co KSCC 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															20.38	29.76	52.84	8.28	20.47

Munshaat Real Estate Projects Co KSCC ROCE % Calculation

Munshaat Real Estate Projects Co KSCC'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 )
	=	18.461	/	( ( (90.403 - 35.432)	+	(86.243 - 18.602) )	/ 2 )
	=	18.461	/	( (54.971	+	67.641)	/ 2 )
	=	18.461	/	61.306
	=	30.11 %

Munshaat Real Estate Projects Co KSCC'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 )
	=	14.036	/	( ( (86.243 - 18.602)	+	(88.534 - 19.014) )	/ 2 )
	=	14.036	/	( ( 67.641	+	69.52 )	/ 2 )
	=	14.036	/	68.5805
	=	20.47 %

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

Munshaat Real Estate Projects Co KSCC (KUW:MUNSHAAT) 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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Munshaat Real Estate Projects Co KSCC (KUW:MUNSHAAT) Business Description

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Address

Al-Shuhada Street, Al-Arraya Tower 2, Floor 43, Sharq, Kuwait City, KWT

Website

http://www.munshaat.com

Munshaat Real Estate Projects Co KSCC is a real estate company. The company's operations predominantly consist of owning, selling and purchasing real estates and lands as well as developing them inside and outside Kuwait, and also managing the properties of others. The company is organized into two business segments - Real Estate segment comprises purchase, sale, development, renting, hotel operations and managing of properties; and Investment segment is involved in managing a portfolio of investments. Its primary geographic markets are Kuwait and Gulf Cooperation Council countries.

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