First Investment Company (K.S.C.C.) (KUW:ALOLA) ROCE % : 4.29% (As of Dec. 2023)

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What is First Investment Company (K.S.C.C.) 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. First Investment Company (K.S.C.C.)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 4.29%.

First Investment Company (K.S.C.C.) ROCE % Historical Data

The historical data trend for First Investment Company (K.S.C.C.)'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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First Investment Company (K.S.C.C.) ROCE % Chart

First Investment Company (K.S.C.C.) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-56.00

-1.28

-1.19

-42.57

1.28

First Investment Company (K.S.C.C.) 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															-161.27	0.81	-0.60	-0.51	4.29

First Investment Company (K.S.C.C.) ROCE % Calculation

First Investment Company (K.S.C.C.)'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 )
	=	0.567	/	( ( (83.579 - 37.83)	+	(78.536 - 35.664) )	/ 2 )
	=	0.567	/	( (45.749	+	42.872)	/ 2 )
	=	0.567	/	44.3105
	=	1.28 %

First Investment Company (K.S.C.C.)'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 )
	=	2.66	/	( ( (81.074 - 0)	+	(78.536 - 35.664) )	/ 2 )
	=	2.66	/	( ( 81.074	+	42.872 )	/ 2 )
	=	2.66	/	61.973
	=	4.29 %

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

First Investment Company (K.S.C.C.) (KUW:ALOLA) 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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First Investment Company (K.S.C.C.) (KUW:ALOLA) Business Description

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Address

Al Hamra Tower, AI Shahada Street, Floor 68, Sharq Area, Kuwait City, KWT, 13063

Website

https://www.fic.com.kw

First Investment Company (K.S.C.C.) is a provider of investment and financial services in Kuwait. The company's activities include financial brokerage activities, securities trading transitions including buying and selling stocks and bonds of governmental and non-governmental agencies and companies. It invests in Agriculture, Oil & Oil Products, Manufacturing, Utilities, Construction, Services Sectors, Trade, Hotels, Transport, Finance, Real Estate, and Social and Personal services sector. The company operates in Kuwait, Kingdom of Saudi Arabia, and Others geographical areas with the majority of the revenue deriving from Kuwait.

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