National Cleaning Co (KUW:CLEANING) ROCE % : 7.09% (As of Sep. 2024)

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What is National Cleaning Co 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 Cleaning Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.09%.

National Cleaning Co ROCE % Historical Data

The historical data trend for National Cleaning Co'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 Cleaning Co ROCE % Chart

National Cleaning Co Annual Data

Trend

Dec11

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.68

-2.49

-2.19

-4.33

1.72

National Cleaning Co 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															-0.08	3.10	2.73	2.78	7.09

National Cleaning Co ROCE % Calculation

National Cleaning Co'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 )
	=	0.993	/	( ( (105.447 - 46.551)	+	(96.983 - 40.542) )	/ 2 )
	=	0.993	/	( (58.896	+	56.441)	/ 2 )
	=	0.993	/	57.6685
	=	1.72 %

National Cleaning Co'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 )
	=	4.224	/	( ( (92.846 - 32.197)	+	(93.981 - 35.558) )	/ 2 )
	=	4.224	/	( ( 60.649	+	58.423 )	/ 2 )
	=	4.224	/	59.536
	=	7.09 %

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

National Cleaning Co (KUW:CLEANING) 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 Cleaning Co ROCE % Related Terms

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National Cleaning Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » National Cleaning Co (KUW:CLEANING) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near National Oil Company, P.O Box 25702, North Sabhan, Safat, Kuwait City, KWT, 13118

Website

http://www.ncc-kw.com

National Cleaning Co is a Kuwait based company. It has three segments. The Cleaning segment, which is the key revenue driver, includes external cleaning contracts, environment cleaning contracts, and supply and sale of cleaning materials and the materials necessary to remedy environmental pollution. The Agriculture and animal production segment includes contracts for the construction, landscaping, beautifying, and cleaning of parks and related agricultural works and trading in agricultural equipment and anima production. The Financial investment segment includes investing in money market instruments and investment in the management of quoted and unquoted equity in the organized financial market. Geographically, it has a presence in Kuwait, Qatar, Turkey, and India.

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