United Gulf Holding Company BSC (BAH:UGH) ROCE % : -4.89% (As of Mar. 2024)

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What is United Gulf Holding Company 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. United Gulf Holding Company BSC's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.89%.

United Gulf Holding Company BSC ROCE % Historical Data

The historical data trend for United Gulf Holding Company 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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United Gulf Holding Company BSC ROCE % Chart

United Gulf Holding Company BSC Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.61

-3.73

2.50

1.54

1.83

United Gulf Holding Company 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															-4.21	-2.45	-3.98	18.31	-4.89

United Gulf Holding Company BSC ROCE % Calculation

United Gulf Holding Company 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 )
	=	6.627	/	( ( (1142.853 - 767.994)	+	(1158.811 - 810.464) )	/ 2 )
	=	6.627	/	( (374.859	+	348.347)	/ 2 )
	=	6.627	/	361.603
	=	1.83 %

United Gulf Holding Company 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 )
	=	-26.924	/	( ( (1158.811 - 810.464)	+	(1122.508 - 369.15) )	/ 2 )
	=	-26.924	/	( ( 348.347	+	753.358 )	/ 2 )
	=	-26.924	/	550.8525
	=	-4.89 %

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

United Gulf Holding Company BSC (BAH:UGH) 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.

United Gulf Holding Company BSC ROCE % Related Terms

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United Gulf Holding Company BSC (BAH:UGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Gulf Holding Company BSC (BAH:UGH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

UGB Tower, Diplomatic Area, PO Box 5565, Manama, BHR

Website

https://www.ughbh.com

United Gulf Holding Company BSC along with its subsidiaries is engaged in Investment and Commercial banking segment. The company's segment includes Asset management and investment banking segment undertakes asset portfolio management, corporate finance, advisory, investments in quoted and private equity/funds, real estate, capital markets, international banking, and treasury activities, and Commercial banking segment includes loans and other credit facilities, deposit, and current accounts from corporate and institutional customers.

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