Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) ROCE % : 7.22% (As of Dec. 2024)

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What is Shamal Az-Zour Al-Oula Power And Water Co KSCP 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. Shamal Az-Zour Al-Oula Power And Water Co KSCP's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.22%.

Shamal Az-Zour Al-Oula Power And Water Co KSCP ROCE % Historical Data

The historical data trend for Shamal Az-Zour Al-Oula Power And Water Co KSCP'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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Shamal Az-Zour Al-Oula Power And Water Co KSCP ROCE % Chart

Shamal Az-Zour Al-Oula Power And Water Co KSCP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.95

7.12

7.48

7.99

7.38

Shamal Az-Zour Al-Oula Power And Water Co KSCP Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															9.43	7.51	6.51	7.57	7.22

Shamal Az-Zour Al-Oula Power And Water Co KSCP ROCE % Calculation

Shamal Az-Zour Al-Oula Power And Water Co KSCP's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	31.325	/	( ( (463.99 - 30.54)	+	(448.688 - 33.234) )	/ 2 )
	=	31.325	/	( (433.45	+	415.454)	/ 2 )
	=	31.325	/	424.452
	=	7.38 %

Shamal Az-Zour Al-Oula Power And Water Co KSCP's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	30.04	/	( ( (447.532 - 30.903)	+	(448.688 - 33.234) )	/ 2 )
	=	30.04	/	( ( 416.629	+	415.454 )	/ 2 )
	=	30.04	/	416.0415
	=	7.22 %

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

Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) 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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Shamal Az-Zour Al-Oula Power And Water Co KSCP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) » Definitions » ROCE %

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Address

Khalid Ibn Al Waleed Street, 6th Floor, Mazaya Tower 2, Block 3, Mirqab, Kuwait City, KWT

Website

https://aznoula.com

Shamal Az-Zour Al-Oula Power And Water Co KSCP is engaged in the development of Az-Zour North One Power and Water plant. The company promotes power generation plants and builds and operates power production and water desalination plants that produce more than 500 MW.

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