Gulf General Investments Co PSC (DFM:GGICO) ROCE %

: 16.22% (As of Mar. 2023)

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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. Gulf General Investments Co PSC's annualized ROCE % for the quarter that ended in Mar. 2023 was 16.22%.

Gulf General Investments Co PSC ROCE % Historical Data

The historical data trend for Gulf General Investments Co PSC'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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Gulf General Investments Co PSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-4.63

6.10

10.10

-22.93

-63.52

Gulf General Investments Co PSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %																-27.08	-19.46	-1.68	-238.24	16.22

Gulf General Investments Co PSC ROCE % Calculation

Gulf General Investments Co PSC's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-168.81	/	( ( (4730.578 - 4334.161)	+	(4140.011 - 4004.911) )	/ 2 )
	=	-168.81	/	( (396.417	+	135.1)	/ 2 )
	=	-168.81	/	265.7585
	=	-63.52 %

Gulf General Investments Co PSC's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	20.812	/	( ( (4140.011 - 4004.911)	+	(4247.871 - 4126.389) )	/ 2 )
	=	20.812	/	( ( 135.1	+	121.482 )	/ 2 )
	=	20.812	/	128.291
	=	16.22 %

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

Gulf General Investments Co PSC (DFM:GGICO) 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.

Gulf General Investments Co PSC ROCE % Related Terms

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Gulf General Investments Co PSC (DFM:GGICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Gulf General Investments Co PSC (DFM:GGICO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, Al Fattan Plaza Building, 4th Floor, P.O. Box 22588, Dubai, ARE

Website

https://www.ggicouae.com

Gulf General Investments Co PSC is a UAE company engaged in the real estate agency, manufacturing, retail trading, real estate development, insurance writing, hospitality, and other services. Its business is functioned through Manufacturing, Investments, Insurance Services and Others segments. The manufacturing segment includes manufacture and sale of oil, grease, prefabricated houses, concrete, restaurant, ovens, kitchens, and central air conditioning systems; the investment segment focuses on real estate properties and equity securities and whereas Insurance Services and others, which is the key revenue driver, include the writing of insurance and various other services including hospitality. Geographically, the business presence of the firm is seen in the UAE and internationally.

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