Equipment Holding Co KSCC (KUW:EQUIPMENT) ROCE % : -3.04% (As of Mar. 2024)

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What is Equipment Holding Co KSCC 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. Equipment Holding Co KSCC's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.04%.

Equipment Holding Co KSCC ROCE % Historical Data

The historical data trend for Equipment Holding Co KSCC'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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Equipment Holding Co KSCC ROCE % Chart

Equipment Holding Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.64

-12.14

-8.71

-9.06

-23.87

Equipment Holding Co KSCC 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															-9.27	-12.80	123.12	-179.00	-3.04

Equipment Holding Co KSCC ROCE % Calculation

Equipment Holding Co KSCC'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 )
	=	-0.971	/	( ( (16.401 - 11.831)	+	(8.088 - 4.521) )	/ 2 )
	=	-0.971	/	( (4.57	+	3.567)	/ 2 )
	=	-0.971	/	4.0685
	=	-23.87 %

Equipment Holding Co KSCC'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 )
	=	-0.108	/	( ( (8.088 - 4.521)	+	(8.072 - 4.532) )	/ 2 )
	=	-0.108	/	( ( 3.567	+	3.54 )	/ 2 )
	=	-0.108	/	3.5535
	=	-3.04 %

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

Equipment Holding Co KSCC (KUW:EQUIPMENT) 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.

Equipment Holding Co KSCC ROCE % Related Terms

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Equipment Holding Co KSCC (KUW:EQUIPMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Equipment Holding Co KSCC (KUW:EQUIPMENT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Safat, P.O. Box 435, Kuwait City, KWT, 13005

Website

http://www.equipment-holding.com

Equipment Holding Co KSCC is a trading and industrial group in Kuwait that is involved in investing in the local construction market. Some of its services include Trading Heavy Construction and Industrial Equipment, Spare parts and Maintenance, and Onsite assistance and services among others. The Group has four operating segments: Trading in construction equipment ;Construction, leasing and maintenance; Properties and Investments. Leasing of equipment and construction contracts derive the majority of revenue for the firm.

Equipment Holding Co KSCC (KUW:EQUIPMENT) Headlines

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