Borouge (ADX:BOROUGE) ROCE % : 27.08% (As of Dec. 2024)

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What is Borouge 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. Borouge's annualized ROCE % for the quarter that ended in Dec. 2024 was 27.08%.

Borouge ROCE % Historical Data

The historical data trend for Borouge'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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Borouge ROCE % Chart

Borouge Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

ROCE %

18.80

24.62

Borouge Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial							22.97	22.48	25.11	26.91	27.08

Borouge ROCE % Calculation

Borouge'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 )
	=	7152.616	/	( ( (32851.198 - 3307.663)	+	(31982.78 - 3432.469) )	/ 2 )
	=	7152.616	/	( (29543.535	+	28550.311)	/ 2 )
	=	7152.616	/	29046.923
	=	24.62 %

Borouge'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 )
	=	7563.032	/	( ( (31651.583 - 4337.97)	+	(31982.78 - 3432.469) )	/ 2 )
	=	7563.032	/	( ( 27313.613	+	28550.311 )	/ 2 )
	=	7563.032	/	27931.962
	=	27.08 %

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

Borouge (ADX:BOROUGE) 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.

Borouge ROCE % Related Terms

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Borouge Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge PLC (ADX:BOROUGE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE

Website

https://www.borouge.com

Borouge PLC is a petrochemical company that provides solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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