Al Ansari Financial Services (DFM:ALANSARI) ROCE % : 24.73% (As of Mar. 2024)

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What is Al Ansari Financial Services 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. Al Ansari Financial Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.73%.

Al Ansari Financial Services ROCE % Historical Data

The historical data trend for Al Ansari Financial Services'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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Al Ansari Financial Services ROCE % Chart

Al Ansari Financial Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

14.77

16.09

19.44

27.70

28.54

Al Ansari Financial Services Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						33.04	27.12	24.97	22.42	24.73

Al Ansari Financial Services ROCE % Calculation

Al Ansari Financial Services'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 )
	=	508.516	/	( ( (2763.45 - 1091.709)	+	(3094.168 - 1202.348) )	/ 2 )
	=	508.516	/	( (1671.741	+	1891.82)	/ 2 )
	=	508.516	/	1781.7805
	=	28.54 %

Al Ansari Financial Services'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 )
	=	442.752	/	( ( (3094.168 - 1202.348)	+	(3207.398 - 1518.176) )	/ 2 )
	=	442.752	/	( ( 1891.82	+	1689.222 )	/ 2 )
	=	442.752	/	1790.521
	=	24.73 %

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

Al Ansari Financial Services (DFM:ALANSARI) 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.

Al Ansari Financial Services ROCE % Related Terms

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Al Ansari Financial Services (DFM:ALANSARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al Ansari Financial Services (DFM:ALANSARI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Barsha 1, P.O Box 6176, Office No. 804, Al Ansari Business Center, Dubai, ARE

Website

https://www.aafs.ae

Al Ansari Financial Services is engaged in the business of buying and selling foreign currencies and traveller's cheques, cheques, executing remittance operations in local and foreign currencies, payment of wages through establishing a link to the operating system of wages protection, special products such as bill payments, cash collections, sale and reload of multi-currency prepaid cards) and transportation of cash and valuables.

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