Mezzan Holding Co KSC (KUW:MEZZAN) ROCE % : 23.93% (As of Mar. 2024)

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What is Mezzan Holding Co KSC 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. Mezzan Holding Co KSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.93%.

Mezzan Holding Co KSC ROCE % Historical Data

The historical data trend for Mezzan Holding Co KSC'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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Mezzan Holding Co KSC ROCE % Chart

Mezzan Holding Co KSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.51

12.91

9.47

1.58

15.11

Mezzan Holding Co KSC 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															20.04	11.18	12.45	17.22	23.93

Mezzan Holding Co KSC ROCE % Calculation

Mezzan Holding Co KSC'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 )
	=	19.055	/	( ( (272.097 - 150.072)	+	(281.189 - 151.028) )	/ 2 )
	=	19.055	/	( (122.025	+	130.161)	/ 2 )
	=	19.055	/	126.093
	=	15.11 %

Mezzan Holding Co KSC'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 )
	=	31.86	/	( ( (281.189 - 151.028)	+	(293.087 - 156.967) )	/ 2 )
	=	31.86	/	( ( 130.161	+	136.12 )	/ 2 )
	=	31.86	/	133.1405
	=	23.93 %

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

Mezzan Holding Co KSC (KUW:MEZZAN) 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.

Mezzan Holding Co KSC ROCE % Related Terms

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Mezzan Holding Co KSC (KUW:MEZZAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mezzan Holding Co KSC (KUW:MEZZAN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shuwaikh Industrial Area 3, Block 1A, Jassim Al Wazzan Sons Building, P.O Box: 124, Safat, KWT, 13002

Website

https://www.mezzan.com

Mezzan Holding Co KSC is engaged in the manufacturing, sale, and distribution of food and non-food products. It manufactures and distributes chips, snacks, meats, bottled water, and canned foods and is also involved in the catering business, providing meals to corporations, hotels, airlines, industrial sites, and government ministries. It operates in five segments namely: Food; Catering; Services; Fast Moving Consumer Goods, Healthcare Industrial; and Industrial. The firm derives most of its revenue from the Food segment. The company's geographical segments include Kuwait, Saudi Arabia, United Arab Emirates, Qatar, Jordan, Afghanistan, and Iraq.

Mezzan Holding Co KSC (KUW:MEZZAN) Headlines

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