Kuwait Foundry CoK (KUW:KFOUC) ROCE % : -1.16% (As of Mar. 2024)

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What is Kuwait Foundry CoK 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. Kuwait Foundry CoK's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.16%.

Kuwait Foundry CoK ROCE % Historical Data

The historical data trend for Kuwait Foundry CoK'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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Kuwait Foundry CoK ROCE % Chart

Kuwait Foundry CoK Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.66

1.43

0.17

0.40

0.14

Kuwait Foundry CoK 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															-0.25	0.11	0.80	0.08	-1.16

Kuwait Foundry CoK ROCE % Calculation

Kuwait Foundry CoK'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 )
	=	0.021	/	( ( (14.224 - 0.526)	+	(16.221 - 0.682) )	/ 2 )
	=	0.021	/	( (13.698	+	15.539)	/ 2 )
	=	0.021	/	14.6185
	=	0.14 %

Kuwait Foundry CoK'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 )
	=	-0.228	/	( ( (16.221 - 0.682)	+	(24.835 - 1.002) )	/ 2 )
	=	-0.228	/	( ( 15.539	+	23.833 )	/ 2 )
	=	-0.228	/	19.686
	=	-1.16 %

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

Kuwait Foundry CoK (KUW:KFOUC) 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.

Kuwait Foundry CoK ROCE % Related Terms

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Kuwait Foundry CoK (KUW:KFOUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kuwait Foundry Co SAK (KUW:KFOUC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

AL Rai, Street No. 10, P.O. Box 1393, Plot No. 1880, Safat, Kuwait, KWT, 13014

Website

https://www.kwfoundry.com

Kuwait Foundry Co SAK is a Kuwait based company involved in the manufacturing of cast raw iron and other materials. Its business activities include the production of sanitary tools, sewage systems, casting joints for asbestos pipes, water valves, and electric fuse boxes among other products.

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