SICO BSC (BAH:SICO-C) ROCE % : 5.44% (As of Mar. 2024)

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What is SICO 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. SICO BSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.44%.

SICO BSC ROCE % Historical Data

The historical data trend for SICO 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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SICO BSC ROCE % Chart

SICO BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.00

4.75

11.55

10.08

24.62

SICO BSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.75	0.60	-1.21	101.28	5.44

SICO BSC ROCE % Calculation

SICO BSC's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	17.293	/	( ( (279.982 - 210)	+	(389.933 - 319.451) )	/ 2 )
	=	17.293	/	( (69.982	+	70.482)	/ 2 )
	=	17.293	/	70.232
	=	24.62 %

SICO BSC's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3.82	/	( ( (389.933 - 319.451)	+	(403.6 - 333.512) )	/ 2 )
	=	3.82	/	( ( 70.482	+	70.088 )	/ 2 )
	=	3.82	/	70.285
	=	5.44 %

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

SICO BSC (BAH:SICO-C) 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.

SICO BSC ROCE % Related Terms

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SICO BSC (BAH:SICO-C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SICO BSC (BAH:SICO-C) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Isa Al Kabeer Avenue 365, Block 316, Bahrain World Trade Center, Manama, BHR

Website

https://www.sicobank.com

SICO BSC is a Bahrain-registered investment bank. It engaged in offering a select range of investment banking solutions - brokerage, market-making, treasury, equity and fixed income asset management, corporate finance, and custody and fund administration. The company offers investment opportunities in the various regional markets and focuses on managing assets in a capital market with the objective of seeking medium to long-term capital appreciation. It also provides corporate finance services including advising on and managing public and private issuances of equity and debt capital, mergers, and acquisitions, privatizations, restructuring, and underwriting. The company manages its business across the Middle East and Asia countries, North America, and Europe.

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