Gulf Petroleum Investment Co KSCC (KUW:GPI) ROCE % : 109.17% (As of Mar. 2024)

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What is Gulf Petroleum Investment 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. Gulf Petroleum Investment Co KSCC's annualized ROCE % for the quarter that ended in Mar. 2024 was 109.17%.

Gulf Petroleum Investment Co KSCC ROCE % Historical Data

The historical data trend for Gulf Petroleum Investment 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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Gulf Petroleum Investment Co KSCC ROCE % Chart

Gulf Petroleum Investment Co KSCC Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.57

-5.43

-2.93

-0.44

-6.40

Gulf Petroleum Investment 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															-3.10	-20.21	-1.06	4.44	109.17

Gulf Petroleum Investment Co KSCC ROCE % Calculation

Gulf Petroleum Investment 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 )
	=	-2.108	/	( ( (40.344 - 6.076)	+	(36.581 - 5.015) )	/ 2 )
	=	-2.108	/	( (34.268	+	31.566)	/ 2 )
	=	-2.108	/	32.917
	=	-6.40 %

Gulf Petroleum Investment 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 )
	=	36.128	/	( ( (36.581 - 5.015)	+	(35.73 - 1.109) )	/ 2 )
	=	36.128	/	( ( 31.566	+	34.621 )	/ 2 )
	=	36.128	/	33.0935
	=	109.17 %

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

Gulf Petroleum Investment Co KSCC (KUW:GPI) 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.

Gulf Petroleum Investment Co KSCC ROCE % Related Terms

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Gulf Petroleum Investment Co KSCC (KUW:GPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Petroleum Investment Co KSCC (KUW:GPI) » Definitions » ROCE %

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Address

Al-Qibla, Block 5, Building 4, Floor 16, Office 10, Behbehani Real Estate Company, Kuwait City, KWT, 13086

Website

http://www.petrogulf.com.kw

Gulf Petroleum Investment Co KSCC is a company operating in the oil industry. It mainly focuses on services in the Oil, Gas and Petrochemical sectors with activities including Engineering and consulting for upstream and downstream related projects, Oilfield services drilling and Supply of all equipment.