Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) ROCE % : 19.80% (As of Dec. 2024)

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What is Heavy Engineering Industries and Shipbuilding 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. Heavy Engineering Industries and Shipbuilding Co KSC's annualized ROCE % for the quarter that ended in Dec. 2024 was 19.80%.

Heavy Engineering Industries and Shipbuilding Co KSC ROCE % Historical Data

The historical data trend for Heavy Engineering Industries and Shipbuilding 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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Heavy Engineering Industries and Shipbuilding Co KSC ROCE % Chart

Heavy Engineering Industries and Shipbuilding Co KSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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11.65

8.13

7.48

9.68

11.54

Heavy Engineering Industries and Shipbuilding Co KSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															15.45	7.91	10.55	9.53	19.80

Heavy Engineering Industries and Shipbuilding Co KSC ROCE % Calculation

Heavy Engineering Industries and Shipbuilding Co KSC's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	11.369	/	( ( (183.844 - 86.315)	+	(204.612 - 105.189) )	/ 2 )
	=	11.369	/	( (97.529	+	99.423)	/ 2 )
	=	11.369	/	98.476
	=	11.54 %

Heavy Engineering Industries and Shipbuilding Co KSC's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	19.072	/	( ( (198.144 - 104.919)	+	(204.612 - 105.189) )	/ 2 )
	=	19.072	/	( ( 93.225	+	99.423 )	/ 2 )
	=	19.072	/	96.324
	=	19.80 %

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

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) 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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Heavy Engineering Industries and Shipbuilding Co KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080

Website

https://www.heisco.com

Heavy Engineering Industries and Shipbuilding Co KSC is a Engineering, Procurement and Construction (EPC) Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Petrochemicals, Power, Pressure Equipment Manufacturing, Shipbuilding & Repair, Dredging & Marine Construction, Civil Construction, Maintenance and other industrial services including Heavy Industry projects.. The company offers wide ranging fields of activities such as Shipyard Operations ,Oil & Gas Construction Operations, Industrial Maintenance Operations, Fabrication Services Operations, Trading Operations, Testing & Calibration, Quality Control & Testing, etc.