Alandalus Property Co (SAU:4320) ROCE % : 4.43% (As of Mar. 2024)

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What is Alandalus Property 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. Alandalus Property Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.43%.

Alandalus Property Co ROCE % Historical Data

The historical data trend for Alandalus Property 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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Alandalus Property Co ROCE % Chart

Alandalus Property Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.82

2.71

6.59

6.57

5.22

Alandalus Property 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															6.33	3.85	3.19	9.14	4.43

Alandalus Property Co ROCE % Calculation

Alandalus Property 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 )
	=	106.789	/	( ( (2055.007 - 102.528)	+	(2259.446 - 123.536) )	/ 2 )
	=	106.789	/	( (1952.479	+	2135.91)	/ 2 )
	=	106.789	/	2044.1945
	=	5.22 %

Alandalus Property 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 )
	=	94.568	/	( ( (2259.446 - 123.536)	+	(2268.089 - 139.241) )	/ 2 )
	=	94.568	/	( ( 2135.91	+	2128.848 )	/ 2 )
	=	94.568	/	2132.379
	=	4.43 %

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

Alandalus Property Co (SAU:4320) 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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Alandalus Property Co (SAU:4320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alandalus Property Co (SAU:4320) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Northern Ring Branch Road, Al-Andalus Property Company Building, P.O. Box 260020, Al Wadi District, Riyadh, SAU, 11342

Website

https://www.alandalus.com.sa

Alandalus Property Co is a real estate development company based in Saudi Arabia. Its activities include construction, ownership, and management of centres, commercial and residential complexes, contracting of residential, commercial buildings, educational, recreational, health institutions, roads, dams, water and sewage projects, electrical and mechanical works. The company operates in three sectors. The Retail sector, which is the key revenue generator, includes leasing rental units of investment properties such as malls; the Hospitality sector includes hospitality service providing entities; and the office sector. Its projects include Al Andalus Mall, Hayat Mall, Dareen Mall, Sahafa Center, Tilal Center, and Yarmouk Center among others under development and Office Sector.

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