Palms Agro Production Co (KUW:PAPCO) ROCE % : 8.56% (As of Sep. 2024)

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What is Palms Agro Production 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. Palms Agro Production Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.56%.

Palms Agro Production Co ROCE % Historical Data

The historical data trend for Palms Agro Production 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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Palms Agro Production Co ROCE % Chart

Palms Agro Production Co Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.11

-3.64

-19.79

5.19

3.47

Palms Agro Production 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															4.91	3.55	1.10	2.54	8.56

Palms Agro Production Co ROCE % Calculation

Palms Agro Production 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 )
	=	0.209	/	( ( (6.711 - 0.778)	+	(6.859 - 0.743) )	/ 2 )
	=	0.209	/	( (5.933	+	6.116)	/ 2 )
	=	0.209	/	6.0245
	=	3.47 %

Palms Agro Production 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 )
	=	0.52	/	( ( (6.912 - 0.876)	+	(8.941 - 2.83) )	/ 2 )
	=	0.52	/	( ( 6.036	+	6.111 )	/ 2 )
	=	0.52	/	6.0735
	=	8.56 %

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

Palms Agro Production Co (KUW:PAPCO) 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.

Palms Agro Production Co ROCE % Related Terms

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Palms Agro Production Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Palms Agro Production Co (KUW:PAPCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Rai- Fourth Ring Road, P.O Box: 1976, Block 56, Safat, Kuwait, KWT, 13020

Website

https://www.palms-kw.com

Palms Agro Production Co is engaged in the business of import and export of agricultural supplies, management of nurseries and farms and reclamation and developing of agricultural land among other businesses. It operates in Commercial, Projects, and Investment segments. The Commercial segment includes the production and sale of nurseries and ornamental plants. The Project segment provides gardening and maintenance services. The investment in an associate, term deposits and equity securities. Majority of the revenue comes from Commercial segment.

Palms Agro Production Co Headlines

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