Jassim Transport & Stevedoring Co KSCC (KUW:JTC) ROCE % : 10.03% (As of Jun. 2024)

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What is Jassim Transport & Stevedoring 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. Jassim Transport & Stevedoring Co KSCC's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.03%.

Jassim Transport & Stevedoring Co KSCC ROCE % Historical Data

The historical data trend for Jassim Transport & Stevedoring 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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Jassim Transport & Stevedoring Co KSCC ROCE % Chart

Jassim Transport & Stevedoring Co KSCC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

9.26

5.52

9.32

11.26

Jassim Transport & Stevedoring Co KSCC Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial										10.41	11.24	11.73	12.08	10.03

Jassim Transport & Stevedoring Co KSCC ROCE % Calculation

Jassim Transport & Stevedoring 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 )
	=	6.86	/	( ( (60.843 - 7.008)	+	(75.696 - 7.64) )	/ 2 )
	=	6.86	/	( (53.835	+	68.056)	/ 2 )
	=	6.86	/	60.9455
	=	11.26 %

Jassim Transport & Stevedoring Co KSCC's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	6.412	/	( ( (71.314 - 5.987)	+	(69.132 - 6.636) )	/ 2 )
	=	6.412	/	( ( 65.327	+	62.496 )	/ 2 )
	=	6.412	/	63.9115
	=	10.03 %

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

Jassim Transport & Stevedoring Co KSCC (KUW:JTC) 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.

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Jassim Transport & Stevedoring Co KSCC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jassim Transport & Stevedoring Co KSCC (KUW:JTC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Saleh Sulaiman Al Jarah Real Estate Complex, Office 2, 5th floor, P.O. Box 22801, Mirqab, Area No 1, Building No 8, Safat, KWT, 13089

Website

https://www.jtckw.com

Jassim Transport & Stevedoring Co KSCC is a inland transportation company. It provides professional, high-quality and cost-effective solutions through four customer-focused operating divisions such as port management, contract logistics, equipment leasing and power rental. The majority of the revenue is earned in Kuwait.

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