The Bahrain Ship Repairing & Engineering Co BSC (BAH:BASREC) ROCE % : 23.13% (As of Dec. 2024)

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What is The Bahrain Ship Repairing & Engineering Co BSC 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. The Bahrain Ship Repairing & Engineering Co BSC's annualized ROCE % for the quarter that ended in Dec. 2024 was 23.13%.

The Bahrain Ship Repairing & Engineering Co BSC ROCE % Historical Data

The historical data trend for The Bahrain Ship Repairing & Engineering Co BSC'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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The Bahrain Ship Repairing & Engineering Co BSC ROCE % Chart

The Bahrain Ship Repairing & Engineering Co BSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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4.43

4.44

3.30

6.23

6.88

The Bahrain Ship Repairing & Engineering Co BSC 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															22.65	0.80	6.14	-2.55	23.13

The Bahrain Ship Repairing & Engineering Co BSC ROCE % Calculation

The Bahrain Ship Repairing & Engineering Co BSC'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 )
	=	2.479	/	( ( (36.567 - 1.461)	+	(38.311 - 1.346) )	/ 2 )
	=	2.479	/	( (35.106	+	36.965)	/ 2 )
	=	2.479	/	36.0355
	=	6.88 %

The Bahrain Ship Repairing & Engineering Co BSC'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 )
	=	8.392	/	( ( (36.757 - 1.173)	+	(38.311 - 1.346) )	/ 2 )
	=	8.392	/	( ( 35.584	+	36.965 )	/ 2 )
	=	8.392	/	36.2745
	=	23.13 %

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

The Bahrain Ship Repairing & Engineering Co BSC (BAH:BASREC) 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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The Bahrain Ship Repairing & Engineering Co BSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » The Bahrain Ship Repairing & Engineering Co BSC (BAH:BASREC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Mina Salman Industrial Area, P.O. Box 568, Kingdom of Bahrain, Manama, BHR

Website

https://www.basrec.com

The Bahrain Ship Repairing & Engineering Co BSC is engaged in the business of providing repair and maintenance services to vessels operating in the Arabian Gulf and emergency repairs to the larger ocean-going ships. This includes container inspection services, pump repairs, as well as their subsidiary services. It operates as a division like a ship repair, small boat repair, teams Bahrain, containers. Its business segments include Ship repairing and investment, Trading, and Pump repairing, of which the majority of the revenue is generated from Ship repairing and investment segment.

The Bahrain Ship Repairing & Engineering Co BSC Headlines

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