Independent Petroleum Group KSCP (KUW:IPG) ROCE % : 17.30% (As of Dec. 2024)

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What is Independent Petroleum Group KSCP 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. Independent Petroleum Group KSCP's annualized ROCE % for the quarter that ended in Dec. 2024 was 17.30%.

Independent Petroleum Group KSCP ROCE % Historical Data

The historical data trend for Independent Petroleum Group KSCP'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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Independent Petroleum Group KSCP ROCE % Chart

Independent Petroleum Group KSCP Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.62

9.27

13.54

16.36

18.79

Independent Petroleum Group KSCP Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															19.24	19.75	23.44	16.96	17.30

Independent Petroleum Group KSCP ROCE % Calculation

Independent Petroleum Group KSCP's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	25.931	/	( ( (493.47 - 359.199)	+	(490.716 - 348.92) )	/ 2 )
	=	25.931	/	( (134.271	+	141.796)	/ 2 )
	=	25.931	/	138.0335
	=	18.79 %

Independent Petroleum Group KSCP's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	23.88	/	( ( (431.398 - 297.072)	+	(490.716 - 348.92) )	/ 2 )
	=	23.88	/	( ( 134.326	+	141.796 )	/ 2 )
	=	23.88	/	138.061
	=	17.30 %

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

Independent Petroleum Group KSCP (KUW:IPG) 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.

Independent Petroleum Group KSCP ROCE % Related Terms

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Independent Petroleum Group KSCP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Independent Petroleum Group KSCP (KUW:IPG) » Definitions » ROCE %

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N/A

Address

Block 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101

Website

https://ipg.com.kw

Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminals, pipelines, and shipping. The company is involved in trading of the following petroleum products - Motor gasoline, Jet fuels, Crude oils, Gas, Asphalt, and Naphtha. The group operates in Europe, the Middle East, Europe and Asia and the Far East where Africa and the Middle East region generates maximum revenue.