Kuwait and Gulf Link Transport Co (KUW:KGL) ROCE % : 3.21% (As of Sep. 2024)

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What is Kuwait and Gulf Link Transport Co 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 and Gulf Link Transport Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.21%.

Kuwait and Gulf Link Transport Co ROCE % Historical Data

The historical data trend for Kuwait and Gulf Link Transport Co'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 and Gulf Link Transport Co ROCE % Chart

Kuwait and Gulf Link Transport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.47

-9.03

-2.07

5.57

-8.51

Kuwait and Gulf Link Transport Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.61	-42.36	1.12	4.14	3.21

Kuwait and Gulf Link Transport Co ROCE % Calculation

Kuwait and Gulf Link Transport Co'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 )
	=	-8.724	/	( ( (192.902 - 80.886)	+	(175.242 - 82.291) )	/ 2 )
	=	-8.724	/	( (112.016	+	92.951)	/ 2 )
	=	-8.724	/	102.4835
	=	-8.51 %

Kuwait and Gulf Link Transport Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2.828	/	( ( (178.659 - 88.697)	+	(177.968 - 91.569) )	/ 2 )
	=	2.828	/	( ( 89.962	+	86.399 )	/ 2 )
	=	2.828	/	88.1805
	=	3.21 %

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

Kuwait and Gulf Link Transport Co (KUW:KGL) 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 and Gulf Link Transport Co ROCE % Related Terms

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Kuwait and Gulf Link Transport Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kuwait and Gulf Link Transport Co (KUW:KGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharq, Dasman Complex, Block 2, P.O. Box 22351, 9th Floor, Safat, Kuwait, KWT, 13084

Website

http://www.kgl.com

Kuwait and Gulf Link Transport Co are engaged in the logistics and land transportation business. The company's activities include general cargo and stevedoring services at seaports, container terminal operations, general cargo transport, and handling services, container transport, and handling services, heavy equipment lease services, heavy-lift transport services, fuel haulage services, municipal service, and cleaning services. Its operating segment includes Transportation; Logistics services; Rental & leasing services and others. The company generates maximum revenue from the Logistics services segment.

Kuwait and Gulf Link Transport Co Headlines

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