National Cement Co PSC (DFM:NCC) ROCE % : 2.39% (As of Dec. 2023)

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What is National Cement Co PSC 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 Cement Co PSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.39%.

National Cement Co PSC ROCE % Historical Data

The historical data trend for National Cement 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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National Cement Co PSC ROCE % Chart

National Cement Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.21

0.31

3.30

-1.44

3.66

National Cement Co PSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.59	11.88	-1.75	2.26	2.39

National Cement Co PSC ROCE % Calculation

National Cement Co PSC'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 )
	=	67.718	/	( ( (1833.863 - 165.843)	+	(2090.68 - 57.179) )	/ 2 )
	=	67.718	/	( (1668.02	+	2033.501)	/ 2 )
	=	67.718	/	1850.7605
	=	3.66 %

National Cement Co PSC's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	49.06	/	( ( (2174.717 - 110.831)	+	(2090.68 - 57.179) )	/ 2 )
	=	49.06	/	( ( 2063.886	+	2033.501 )	/ 2 )
	=	49.06	/	2048.6935
	=	2.39 %

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

National Cement Co PSC (DFM:NCC) 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.

National Cement Co PSC ROCE % Related Terms

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National Cement Co PSC (DFM:NCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » National Cement Co PSC (DFM:NCC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 4041, Al-Quoz Industrial Area, Dubai, ARE

Website

http://www.nationalcement.ae

National Cement Co PSC is a UAE-based company which manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.

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