AlJazira Mawten (REIT) (SAU:4331) ROCE % : 3.47% (As of Dec. 2023)

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What is AlJazira Mawten (REIT) 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. AlJazira Mawten (REIT)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 3.47%.

AlJazira Mawten (REIT) ROCE % Historical Data

The historical data trend for AlJazira Mawten (REIT)'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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AlJazira Mawten (REIT) ROCE % Chart

AlJazira Mawten (REIT) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.23

-2.01

2.93

3.65

3.80

AlJazira Mawten (REIT) Semi-Annual Data
	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								2.44	4.14	3.09	4.09	3.47

AlJazira Mawten (REIT) ROCE % Calculation

AlJazira Mawten (REIT)'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 )
	=	3.287	/	( ( (87.132 - 2.352)	+	(90.587 - 2.577) )	/ 2 )
	=	3.287	/	( (84.78	+	88.01)	/ 2 )
	=	3.287	/	86.395
	=	3.80 %

AlJazira Mawten (REIT)'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	3.048	/	( ( (89.257 - 1.422)	+	(90.587 - 2.577) )	/ 2 )
	=	3.048	/	( ( 87.835	+	88.01 )	/ 2 )
	=	3.048	/	87.9225
	=	3.47 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

AlJazira Mawten (REIT) (SAU:4331) 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.

AlJazira Mawten (REIT) ROCE % Related Terms

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AlJazira Mawten (REIT) (SAU:4331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AlJazira Mawten (REIT) (SAU:4331) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, P.O. Box 20438, Al Riyadh, SAU, 11455

Website

https://www.aljaziracapital.com.sa

AlJazira Mawten (REIT) is a Shariah-compliant real estate investment traded fund. The main investment objective of the fund is to invest in structurally developed real estate that generates periodic income and has invested mainly in warehouses in Jeddah.

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