Salik Company PJSC (DFM:SALIK) ROCE % : 30.50% (As of Mar. 2024)

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What is Salik Company 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. Salik Company PJSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 30.50%.

Salik Company PJSC ROCE % Historical Data

The historical data trend for Salik Company 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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Salik Company PJSC ROCE % Chart

Salik Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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59.97

28.60

Salik Company PJSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									27.75	27.60	27.84	31.26	30.50

Salik Company PJSC ROCE % Calculation

Salik Company 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 )
	=	1336.998	/	( ( (5302.951 - 667.645)	+	(5223.785 - 510.543) )	/ 2 )
	=	1336.998	/	( (4635.306	+	4713.242)	/ 2 )
	=	1336.998	/	4674.274
	=	28.60 %

Salik Company PJSC'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 )
	=	1480.264	/	( ( (5223.785 - 510.543)	+	(5532.775 - 538.312) )	/ 2 )
	=	1480.264	/	( ( 4713.242	+	4994.463 )	/ 2 )
	=	1480.264	/	4853.8525
	=	30.50 %

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

Salik Company PJSC (DFM:SALIK) 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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Salik Company PJSC (DFM:SALIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Salik Company PJSC (DFM:SALIK) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Marrakesh Street, Al Garhoud, Block C, First Floor, P.O. Box: 118899, Umm Ramool, Roads and Transport Authority Headquarters, Dubai, ARE

Website

https://www.salik.ae

Salik Company PJSC is engaged in the operations and maintenance of toll gates in Dubai. It also is involved in the design and construction of new tollgates, including without limitation, the required tolling equipment, infrastructure, and any other interface requirements.

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