Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) ROCE % : -24.23% (As of Dec. 2023)

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What is Kuwait And Middle East Financial Investment Co 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. Kuwait And Middle East Financial Investment Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -24.23%.

Kuwait And Middle East Financial Investment Co ROCE % Historical Data

The historical data trend for Kuwait And Middle East Financial Investment Co'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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Kuwait And Middle East Financial Investment Co ROCE % Chart

Kuwait And Middle East Financial Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.50

36.03

11.55

4.09

-5.86

Kuwait And Middle East Financial Investment Co 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															6.15	-10.73	25.11	-24.03	-24.23

Kuwait And Middle East Financial Investment Co ROCE % Calculation

Kuwait And Middle East Financial Investment Co'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 )
	=	-2.845	/	( ( (77.387 - 6.144)	+	(69.185 - 43.392) )	/ 2 )
	=	-2.845	/	( (71.243	+	25.793)	/ 2 )
	=	-2.845	/	48.518
	=	-5.86 %

Kuwait And Middle East Financial Investment Co'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 )
	=	-6.496	/	( ( (73.953 - 46.117)	+	(69.185 - 43.392) )	/ 2 )
	=	-6.496	/	( ( 27.836	+	25.793 )	/ 2 )
	=	-6.496	/	26.8145
	=	-24.23 %

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

Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) 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.

Kuwait And Middle East Financial Investment Co ROCE % Related Terms

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Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Arabian Gulf Street, Khalid Tower, Block 1, Building No.1, Al-Qibla – First Commercial District, Kuwait, KWT, 13009

Website

https://www.kmefic.com.kw

Kuwait And Middle East Financial Investment Co is a Kuwait-based asset management company. The business activity of the group functions through Asset Management, Brokerage and Online Trading, Credit Operations, and Investment and Treasury segments of which it generates the majority of revenue from Asset Management segments. The Asset Management segment is engaged in providing third-party fund and portfolio management services on a fiduciary basis. Besides, the firm is also engaged in other activities such as providing margin loans, money market placements, real estate activities, and proprietary trading in equity stocks and funds. Geographically, the business presence of the firm is seen in both Kuwait and the international market.

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