Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) ROCE % : 82.32% (As of Dec. 2021)

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What is Al Seer Marine Supplies & Equipment PJSC 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. Al Seer Marine Supplies & Equipment PJSC's annualized ROCE % for the quarter that ended in Dec. 2021 was 82.32%.

Al Seer Marine Supplies & Equipment PJSC ROCE % Historical Data

The historical data trend for Al Seer Marine Supplies & Equipment PJSC'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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Al Seer Marine Supplies & Equipment PJSC ROCE % Chart

Al Seer Marine Supplies & Equipment PJSC Annual Data

Trend

Dec20

Dec21

ROCE %

11.46

82.32

Al Seer Marine Supplies & Equipment PJSC Semi-Annual Data
	Dec20	Dec21
ROCE %	11.46	82.32

Al Seer Marine Supplies & Equipment PJSC ROCE % Calculation

Al Seer Marine Supplies & Equipment PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	2516.338	/	( ( (717.817 - 419.904)	+	(6121.598 - 306.256) )	/ 2 )
	=	2516.338	/	( (297.913	+	5815.342)	/ 2 )
	=	2516.338	/	3056.6275
	=	82.32 %

Al Seer Marine Supplies & Equipment PJSC's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	2516.338	/	( ( (717.817 - 419.904)	+	(6121.598 - 306.256) )	/ 2 )
	=	2516.338	/	( ( 297.913	+	5815.342 )	/ 2 )
	=	2516.338	/	3056.6275
	=	82.32 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2021) EBIT data.

Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) 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.

Al Seer Marine Supplies & Equipment PJSC ROCE % Related Terms

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Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number A-20, Sector MW-5, P.O. Box 33639, Mussafah Industrial City, Abu Dhabi, ARE

Website

https://www.alseermarine.ae

Al Seer Marine Supplies & Equipment PJSC is a marine company in the Arabian maritime region, with a portfolio of services that caters to all needs of boat owners, managers and crew. The services of the company include Boat Building, Maintenance Services, Yacht Management, Training Institute, and Maintenance services among others.