Tamdeen Real Estate Co KSCC (KUW:TAM) ROCE % : 5.09% (As of Mar. 2024)

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What is Tamdeen Real Estate Co KSCC 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. Tamdeen Real Estate Co KSCC's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.09%.

Tamdeen Real Estate Co KSCC ROCE % Historical Data

The historical data trend for Tamdeen Real Estate Co KSCC'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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Tamdeen Real Estate Co KSCC ROCE % Chart

Tamdeen Real Estate Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.80

-2.42

5.45

6.62

6.75

Tamdeen Real Estate Co KSCC 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															5.16	11.90	7.60	2.43	5.09

Tamdeen Real Estate Co KSCC ROCE % Calculation

Tamdeen Real Estate Co KSCC'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 )
	=	31.422	/	( ( (589.422 - 122.067)	+	(562.592 - 99.196) )	/ 2 )
	=	31.422	/	( (467.355	+	463.396)	/ 2 )
	=	31.422	/	465.3755
	=	6.75 %

Tamdeen Real Estate Co KSCC'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 )
	=	24.348	/	( ( (562.592 - 99.196)	+	(583.15 - 90.496) )	/ 2 )
	=	24.348	/	( ( 463.396	+	492.654 )	/ 2 )
	=	24.348	/	478.025
	=	5.09 %

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

Tamdeen Real Estate Co KSCC (KUW:TAM) 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.

Tamdeen Real Estate Co KSCC ROCE % Related Terms

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Tamdeen Real Estate Co KSCC (KUW:TAM) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tamdeen Real Estate Co KSCC (KUW:TAM) » Definitions » ROCE %

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Address

Mall - Sixth Ring Road, South Surra, 360 Complex, P.O. Box 21816, 4th Floor, Block 7, Al-Zahraa District, Safat, Kuwait, KWT, 13079

Website

https://www.tamdeenre.com

Tamdeen Real Estate Co KSCC operates as a real estate investment and development company. The business activity of the company includes the development of real estate projects and construction contracts of buildings, managing the properties of others. In addition, the group is also involved in providing consultation services on asset utilization for individual clients, as well as consultation and advisory services on merger and acquisition, and business succession for corporate clients; investment and portfolio management services; and research and analysis services. The company operates in two reportable segments that are the real estate and investment. It generates maximum revenue from Investment segment.

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