Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) ROCE % : 4.80% (As of Sep. 2024)

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What is Burgan Company for Well Drilling Trading and MaintenanceK 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. Burgan Company for Well Drilling Trading and MaintenanceK's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.80%.

Burgan Company for Well Drilling Trading and MaintenanceK ROCE % Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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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Burgan Company for Well Drilling Trading and MaintenanceK ROCE % Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data

Trend

Mar13

Mar14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.56

3.94

3.97

4.42

5.12

Burgan Company for Well Drilling Trading and MaintenanceK 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															5.27	3.48	6.92	4.55	4.80

Burgan Company for Well Drilling Trading and MaintenanceK ROCE % Calculation

Burgan Company for Well Drilling Trading and MaintenanceK's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	7.211	/	( ( (208.732 - 67.334)	+	(199.308 - 59.175) )	/ 2 )
	=	7.211	/	( (141.398	+	140.133)	/ 2 )
	=	7.211	/	140.7655
	=	5.12 %

Burgan Company for Well Drilling Trading and MaintenanceK'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 )
	=	6.82	/	( ( (198.565 - 58.455)	+	(201.634 - 57.536) )	/ 2 )
	=	6.82	/	( ( 140.11	+	144.098 )	/ 2 )
	=	6.82	/	142.104
	=	4.80 %

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

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) 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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Burgan Company for Well Drilling Trading and MaintenanceK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Burgan Company for Well Drilling Trading and Maintenance SAK (KUW:ABAR) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022

Website

https://www.burgandrilling.com

Burgan Company for Well Drilling Trading and Maintenance SAK provides drilling, exploration, and maintenance services for oil and gas companies. The company offers development and exploratory services, as well as drilling and maintenance of oil and gas wells in Kuwait and internationally with the approval of the Ministry of Oil. It also establishes, participates in, or acquires affiliates as outlined in its Memorandum of Incorporation. Additionally, the company invests its financial surpluses in portfolios managed by specialized entities. Burgan Company serves its clients by drilling deep, medium, and shallow wells, as well as performing workover operations. Its primary operating segment is oil and gas well services.

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