Coast Investment & Development Co (KUW:COAST) ROCE % : 0.93% (As of Mar. 2024)

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What is Coast Investment & Development 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. Coast Investment & Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.93%.

Coast Investment & Development Co ROCE % Historical Data

The historical data trend for Coast Investment & Development 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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Coast Investment & Development Co ROCE % Chart

Coast Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.19

-2.72

5.56

0.53

-1.35

Coast Investment & Development Co 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															-3.98	0.35	-1.14	-0.78	0.93

Coast Investment & Development Co ROCE % Calculation

Coast Investment & Development 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 )
	=	-0.68	/	( ( (50.899 - 1.368)	+	(52.02 - 0.942) )	/ 2 )
	=	-0.68	/	( (49.531	+	51.078)	/ 2 )
	=	-0.68	/	50.3045
	=	-1.35 %

Coast Investment & Development Co'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 )
	=	0.472	/	( ( (52.02 - 0.942)	+	(51.902 - 1.362) )	/ 2 )
	=	0.472	/	( ( 51.078	+	50.54 )	/ 2 )
	=	0.472	/	50.809
	=	0.93 %

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

Coast Investment & Development Co (KUW:COAST) 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.

Coast Investment & Development Co ROCE % Related Terms

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Coast Investment & Development Co (KUW:COAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Coast Investment & Development Co (KUW:COAST) » Definitions » ROCE %

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N/A

Address

Al Sharq Area, Shuhada Street, P.O. Box 26755, Coast Building, Al Asima Governate, Kuwait, KWT, 13128

Website

https://www.coast.com.kw

Coast Investment & Development Co is a financial institution. The coast is engaged in a variety of investment management activities such as private equity, asset management, and real estate investments both locally and internationally. It also offers a wide array of investment services including portfolio and fund management, advisory services, corporate finance, and online equity trading services. The company's geographical segment includes Kuwait and GCC; Europe and the USA. It derives the majority of its revenue from Kuwait and GCC.

Coast Investment & Development Co (KUW:COAST) Headlines

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