National Real Estate Co KSC (KUW:NRE) ROCE % : 4.26% (As of Mar. 2024)

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What is National Real Estate Co KSC 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. National Real Estate Co KSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.26%.

National Real Estate Co KSC ROCE % Historical Data

The historical data trend for National Real Estate Co KSC'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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National Real Estate Co KSC ROCE % Chart

National Real Estate Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.55

2.00

43.02

5.05

-5.13

National Real Estate Co KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.04	0.81	3.81	-24.90	4.26

National Real Estate Co KSC ROCE % Calculation

National Real Estate Co KSC'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 )
	=	-24.685	/	( ( (538.75 - 51.357)	+	(533.172 - 59.087) )	/ 2 )
	=	-24.685	/	( (487.393	+	474.085)	/ 2 )
	=	-24.685	/	480.739
	=	-5.13 %

National Real Estate Co KSC'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 )
	=	20.168	/	( ( (533.172 - 59.087)	+	(519.271 - 46.138) )	/ 2 )
	=	20.168	/	( ( 474.085	+	473.133 )	/ 2 )
	=	20.168	/	473.609
	=	4.26 %

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

National Real Estate Co KSC (KUW:NRE) 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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National Real Estate Co KSC (KUW:NRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » National Real Estate Co KSC (KUW:NRE) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Al-Shuhada Street, P.O. Box 22644, 58th Floor, Al-Hamra Tower, Sharq, Safat, Kuwait, KWT, 13087

Website

http://www.nrec.com.kw

National Real Estate Co KSC (NREC) is a real estate investment and development company. The company is engaged in the purchase, development, and sale of land, management of real estate properties, real estate construction, and maintenance services. The company reports in two segments: Real Estate and others which include development, trading, leasing, and management of real estate properties and other activities, and the Investments segment which consists of investment in an associate, joint venture, and equity securities. The portfolio of company projects includes Residential, Malls, commercial, industrial, warehousing, and resorts. NREC has development projects in United Arab Emirates, Egypt, Jordan, Kuwait, and Libya.