United Gulf Investment BSC (BAH:UGIC) ROCE % : 8.56% (As of Mar. 2024)

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What is United Gulf Investment 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 Investment BSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.56%.

United Gulf Investment BSC ROCE % Historical Data

The historical data trend for United Gulf Investment 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 Investment BSC ROCE % Chart

United Gulf Investment BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.80

0.35

9.95

8.08

4.61

United Gulf Investment 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															9.54	8.22	0.51	0.06	8.56

United Gulf Investment BSC ROCE % Calculation

United Gulf Investment 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 )
	=	2.588	/	( ( (63.672 - 8.349)	+	(64.082 - 7.15) )	/ 2 )
	=	2.588	/	( (55.323	+	56.932)	/ 2 )
	=	2.588	/	56.1275
	=	4.61 %

United Gulf Investment 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 )
	=	4.812	/	( ( (64.082 - 7.15)	+	(66.83 - 11.29) )	/ 2 )
	=	4.812	/	( ( 56.932	+	55.54 )	/ 2 )
	=	4.812	/	56.236
	=	8.56 %

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

United Gulf Investment BSC (BAH:UGIC) 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 Investment BSC ROCE % Related Terms

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United Gulf Investment BSC (BAH:UGIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Gulf Investment Corp BSC (BAH:UGIC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Road 2832, Block 428, P.O. Box 10177, Almoayyed Tower, Office 3202, Building 2504, Al-Seef District, Manama, BHR

Website

https://www.ugiccorp.com

United Gulf Investment Corp BSC is engaged in property leasing, buying, and selling of properties for the company, third-grade industrial maintenance works, and investment in local industrial projects. The company's investment objective includes developing and promoting industrial, chemical, and energy-related projects, in the Gulf region, identifying and investing in direct investment opportunities and investing in listed stocks and other financial instruments. Its operating segment includes Smelting and Investment activities. The company generates maximum revenue from the Smelting segment. the company has two geographical segments; the Kingdom of Bahrain and the Kingdom of Saudi Arabia.