Adnoc Logistics & Services (ADX:ADNOCLS) ROCE % : 14.43% (As of Dec. 2024)

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What is Adnoc Logistics & Services 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. Adnoc Logistics & Services's annualized ROCE % for the quarter that ended in Dec. 2024 was 14.43%.

Adnoc Logistics & Services ROCE % Historical Data

The historical data trend for Adnoc Logistics & Services'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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Adnoc Logistics & Services ROCE % Chart

Adnoc Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

ROCE %

2.77

9.74

14.64

16.20

Adnoc Logistics & Services Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial								14.68	17.85	18.69	15.22	14.43

Adnoc Logistics & Services ROCE % Calculation

Adnoc Logistics & Services's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	3090.901	/	( ( (21103.724 - 3696.344)	+	(25723.076 - 4966.607) )	/ 2 )
	=	3090.901	/	( (17407.38	+	20756.469)	/ 2 )
	=	3090.901	/	19081.9245
	=	16.20 %

Adnoc Logistics & Services's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	2903.68	/	( ( (24423.683 - 4941.899)	+	(25723.076 - 4966.607) )	/ 2 )
	=	2903.68	/	( ( 19481.784	+	20756.469 )	/ 2 )
	=	2903.68	/	20119.1265
	=	14.43 %

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

Adnoc Logistics & Services (ADX:ADNOCLS) 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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Adnoc Logistics & Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Adnoc Logistics & Services PLC (ADX:ADNOCLS) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnocls.ae

Adnoc Logistics & Services PLC provides fully integrated, end-to-end services to ADNOC Group companies and its extensive range of customers in the energy maritime industry. Its business is organized into six reportable segments namely Tankers, Gas carriers, Integrated logistics, Dry bulk and containers, Marine services, and others. The majority of the company's revenue is generated from the Integrated logistics segment.

Adnoc Logistics & Services Headlines

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