Egypt Kuwait Holding Co (KUW:EKHOLDING) ROCE % : 48.22% (As of Mar. 2024)

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What is Egypt Kuwait Holding 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. Egypt Kuwait Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 48.22%.

Egypt Kuwait Holding Co ROCE % Historical Data

The historical data trend for Egypt Kuwait Holding 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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Egypt Kuwait Holding Co ROCE % Chart

Egypt Kuwait Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.96

20.85

22.88

34.37

28.74

Egypt Kuwait Holding 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															37.56	100.41	88.94	20.74	48.22

Egypt Kuwait Holding Co ROCE % Calculation

Egypt Kuwait Holding 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 )
	=	98.845	/	( ( (598.627 - 219.533)	+	(530.919 - 222.167) )	/ 2 )
	=	98.845	/	( (379.094	+	308.752)	/ 2 )
	=	98.845	/	343.923
	=	28.74 %

Egypt Kuwait Holding 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 )
	=	133.912	/	( ( (530.919 - 222.167)	+	(461.411 - 214.719) )	/ 2 )
	=	133.912	/	( ( 308.752	+	246.692 )	/ 2 )
	=	133.912	/	277.722
	=	48.22 %

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

Egypt Kuwait Holding Co (KUW:EKHOLDING) 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.

Egypt Kuwait Holding Co ROCE % Related Terms

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Egypt Kuwait Holding Co (KUW:EKHOLDING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Egypt Kuwait Holding Co (KUW:EKHOLDING) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EKHOA:Egypt EKHO:Egypt

Address

14, Hassan Mohamed El Razzaz Street, Dokki, Agouza, Giza, EGY

Website

https://www.ekholding.com

Egypt Kuwait Holding Co is an investment company with a portfolio of companies that operate in oil and gas, fertilizers and petrochemicals, insurance, manufacturing, information technology, transportation, and infrastructure. The company operates in the business segments comprising the energy sector, fertilizers and chemicals; the Insurance sector; the Wood Processing sector, and other operations. The company generates maximum revenue from the Fertilizers and chemicals segment. The fertilizers and chemicals segment of the company encompasses products ranging from urea, ammonium nitrate, and melamine to formaldehyde and liquid and powder glue.

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