Combined Group Contracting K C (KUW:CGC) ROCE % : 15.05% (As of Mar. 2024)

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What is Combined Group Contracting K C 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. Combined Group Contracting K C's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.05%.

Combined Group Contracting K C ROCE % Historical Data

The historical data trend for Combined Group Contracting K C'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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Combined Group Contracting K C ROCE % Chart

Combined Group Contracting K C Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.17

-6.96

13.33

13.37

11.89

Combined Group Contracting K C 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															10.83	8.97	8.94	18.48	15.05

Combined Group Contracting K C ROCE % Calculation

Combined Group Contracting K C'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 )
	=	12.839	/	( ( (219.65 - 113.008)	+	(229.862 - 120.624) )	/ 2 )
	=	12.839	/	( (106.642	+	109.238)	/ 2 )
	=	12.839	/	107.94
	=	11.89 %

Combined Group Contracting K C'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 )
	=	16.524	/	( ( (229.862 - 120.624)	+	(228.592 - 118.23) )	/ 2 )
	=	16.524	/	( ( 109.238	+	110.362 )	/ 2 )
	=	16.524	/	109.8
	=	15.05 %

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

Combined Group Contracting K C (KUW:CGC) 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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Combined Group Contracting K C (KUW:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Combined Group Contracting SA K C (KUW:CGC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049

Website

https://www.cgc-kw.com

Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction industry. It undertakes general contracting, mechanical works, engineering works; packaging cement, sand, and related materials; Asphalt production, constructions works of building, ways, bridges and managing, controlling them and their related works and many other activities. The group has the operations in State of Kuwait and Gulf Countries of which it earns the majority of revenue share from Kuwait region.