ESG Emirates Stallions Group PJSC (ADX:ESG) ROCE % : 114.77% (As of Dec. 2023)

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What is ESG Emirates Stallions Group 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. ESG Emirates Stallions Group PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 114.77%.

ESG Emirates Stallions Group PJSC ROCE % Historical Data

The historical data trend for ESG Emirates Stallions Group 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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ESG Emirates Stallions Group PJSC ROCE % Chart

ESG Emirates Stallions Group PJSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

6.77

15.14

17.91

42.34

ESG Emirates Stallions Group PJSC Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							5.68	45.77	168.07	4.22	114.77

ESG Emirates Stallions Group PJSC ROCE % Calculation

ESG Emirates Stallions Group 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 )
	=	684.514	/	( ( (1144.461 - 341.893)	+	(3060.501 - 629.316) )	/ 2 )
	=	684.514	/	( (802.568	+	2431.185)	/ 2 )
	=	684.514	/	1616.8765
	=	42.34 %

ESG Emirates Stallions Group PJSC'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2517.884	/	( ( (2274.836 - 318.376)	+	(3060.501 - 629.316) )	/ 2 )
	=	2517.884	/	( ( 1956.46	+	2431.185 )	/ 2 )
	=	2517.884	/	2193.8225
	=	114.77 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

ESG Emirates Stallions Group PJSC (ADX:ESG) 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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ESG Emirates Stallions Group PJSC (ADX:ESG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ESG Emirates Stallions Group PJSC (ADX:ESG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Emirates Stallions Group, The Royal Group Building, PO Box 63811, 5th Floor, Abu Dhabi, ARE

Website

https://www.esguae.com

ESG Emirates Stallions Group PJSC main activities are buying, selling, and dividing plots and real estates, management and leasing of real estate and developing real estate, management services of companies and private institutions, performing technical, commercial, and contracting services. The operating segments of company are Contracting & consultancy, Landscaping & Business process/manpower outsourcing.