GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Seef Properties BSC (BAH:SEEF) » Definitions » ROIC %

Seef Properties BSC (BAH:SEEF) ROIC % : 4.05% (As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Seef Properties BSC ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Seef Properties BSC's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2024 was 4.05%.

As of today (2024-05-22), Seef Properties BSC's WACC % is 10.13%. Seef Properties BSC's ROIC % is 4.65% (calculated using TTM income statement data). Seef Properties BSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Seef Properties BSC ROIC % Historical Data

The historical data trend for Seef Properties BSC's ROIC % 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.

* Premium members only.

Seef Properties BSC ROIC % Chart

Seef Properties BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.36 3.58 3.39 4.55 4.81

Seef Properties BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.82 5.26 4.54 4.76 4.05

Competitive Comparison of Seef Properties BSC's ROIC %

For the Real Estate Services subindustry, Seef Properties BSC's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Seef Properties BSC's ROIC % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Seef Properties BSC's ROIC % distribution charts can be found below:

* The bar in red indicates where Seef Properties BSC's ROIC % falls into.



Seef Properties BSC ROIC % Calculation

Seef Properties BSC's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROIC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=7.415 * ( 1 - 0% )/( (155.257 + 153.233)/ 2 )
=7.415/154.245
=4.81 %

where

Seef Properties BSC's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2024 is calculated as:

ROIC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=6.164 * ( 1 - 0% )/( (153.233 + 151.369)/ 2 )
=6.164/152.301
=4.05 %

where

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

* 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.


Seef Properties BSC  (BAH:SEEF) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Seef Properties BSC's WACC % is 10.13%. Seef Properties BSC's ROIC % is 4.65% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Seef Properties BSC ROIC % Related Terms

Thank you for viewing the detailed overview of Seef Properties BSC's ROIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


Seef Properties BSC (BAH:SEEF) Business Description

Traded in Other Exchanges
N/A
Address
Building 2102, Road 2825, Block 428, P.O. Box 20084,, Seef District, Manama, BHR
Seef Properties BSC is an integrated real estate development company in the Kingdom of Bahrain. The company specialised in developing and managing commercial leisure and recreational facilities. It also owns and manages three Seef Malls located in different areas around the Kingdom. Magic Island, is an Indoor theme park located within its Malls. Al Liwan, a mixed-use development project, and Fraser Suites Seef Bahrain serviced apartments located in Seef Mall and managed by Fraser Suites, a global hospitality brand.

Seef Properties BSC (BAH:SEEF) Headlines

No Headlines