National Industries Group HoldingK (DFM:NIND) ROCE % : 9.34% (As of Sep. 2024)

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What is National Industries Group HoldingK 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. National Industries Group HoldingK's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.34%.

National Industries Group HoldingK ROCE % Historical Data

The historical data trend for National Industries Group HoldingK'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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National Industries Group HoldingK ROCE % Chart

National Industries Group HoldingK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.26

-2.56

12.32

5.91

8.19

National Industries Group HoldingK Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.78	8.84	17.88	6.47	9.34

National Industries Group HoldingK ROCE % Calculation

National Industries Group HoldingK'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 )
	=	1060.929	/	( ( (16515.79 - 4102.491)	+	(17905.471 - 4402.165) )	/ 2 )
	=	1060.929	/	( (12413.299	+	13503.306)	/ 2 )
	=	1060.929	/	12958.3025
	=	8.19 %

National Industries Group HoldingK's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1265.82	/	( ( (18542.997 - 5047.73)	+	(18684.664 - 5083.164) )	/ 2 )
	=	1265.82	/	( ( 13495.267	+	13601.5 )	/ 2 )
	=	1265.82	/	13548.3835
	=	9.34 %

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

National Industries Group HoldingK (DFM:NIND) 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.

National Industries Group HoldingK ROCE % Related Terms

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National Industries Group HoldingK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » National Industries Group Holding SAK (DFM:NIND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NIND:Kuwait

Address

Shuwaikh - Jahra Road Interchange, P.O. Box 417, Beside kuwait Red Cresent Society, Safat, Kuwait City, KWT, 13005

Website

http://www.nig.com.kw

National Industries Group Holding SAK operates in investment and its objectives are owning stocks and shares, lending money, owning industrial equities such as patents, and royalties, and owning real estate and moveable property. The company has four segments: Investment and financial services, Real estate and construction, Specialist engineering and chemical, and IT services. Geographically, it generates the majority of revenue from the Kuwait region.

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