Gulf Cement Co PSC (ADX:GCEM) ROCE % : -8.20% (As of Dec. 2024)

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What is Gulf Cement Co PSC 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. Gulf Cement Co PSC's annualized ROCE % for the quarter that ended in Dec. 2024 was -8.20%.

Gulf Cement Co PSC ROCE % Historical Data

The historical data trend for Gulf Cement Co PSC'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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Gulf Cement Co PSC ROCE % Chart

Gulf Cement Co PSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-31.56

-7.40

-8.22

-8.07

-5.84

Gulf Cement Co PSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-10.44	-4.47	-9.39	-0.77	-8.20

Gulf Cement Co PSC ROCE % Calculation

Gulf Cement Co PSC'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 )
	=	-31.347	/	( ( (845.64 - 288.631)	+	(864.118 - 348.109) )	/ 2 )
	=	-31.347	/	( (557.009	+	516.009)	/ 2 )
	=	-31.347	/	536.509
	=	-5.84 %

Gulf Cement Co PSC'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 )
	=	-42.872	/	( ( (887.96 - 358.314)	+	(864.118 - 348.109) )	/ 2 )
	=	-42.872	/	( ( 529.646	+	516.009 )	/ 2 )
	=	-42.872	/	522.8275
	=	-8.20 %

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

Gulf Cement Co PSC (ADX:GCEM) 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.

Gulf Cement Co PSC ROCE % Related Terms

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Gulf Cement Co PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Gulf Cement Co PSC (ADX:GCEM) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

P.O. Box 5295, Ras Al Khaimah, ARE

Website

https://gulfcement.ae

Gulf Cement Co PSC operates as a cement producer that serves customers located in the UAE, and Arab Gulf Zone. Its product offerings include a variety of cements such as Sulphate Resisting Portland Cement, Ordinary Portland Cement, Moderate Sulphate Resisting Portland Cement, and Ground Granulated Blast Furnace Slag, among others. The company has two operating segments including Manufacturing of all types of cements, and Investments in marketable equity securities, deposits with banks, and investment properties. A majority of its revenue is generated from the Manufacturing segment. Geographically, the company dervies maximum revenue from its business within the United Arab Emirates (UAE).

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