Global Financial Investments HoldingOG (MUS:GFIC) ROCE % : 18.58% (As of Dec. 2023)

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What is Global Financial Investments HoldingOG 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. Global Financial Investments HoldingOG's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.58%.

Global Financial Investments HoldingOG ROCE % Historical Data

The historical data trend for Global Financial Investments HoldingOG'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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Global Financial Investments HoldingOG ROCE % Chart

Global Financial Investments HoldingOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.50

2.39

5.46

5.29

10.42

Global Financial Investments HoldingOG Quarterly Data
	Sep18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.59	9.30	7.17	6.10	18.58

Global Financial Investments HoldingOG ROCE % Calculation

Global Financial Investments HoldingOG'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 )
	=	6.258	/	( ( (69.282 - 11.262)	+	(75.35 - 13.281) )	/ 2 )
	=	6.258	/	( (58.02	+	62.069)	/ 2 )
	=	6.258	/	60.0445
	=	10.42 %

Global Financial Investments HoldingOG's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	11.544	/	( ( (80.335 - 18.145)	+	(75.35 - 13.281) )	/ 2 )
	=	11.544	/	( ( 62.19	+	62.069 )	/ 2 )
	=	11.544	/	62.1295
	=	18.58 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Global Financial Investments HoldingOG (MUS:GFIC) 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.

Global Financial Investments HoldingOG ROCE % Related Terms

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Global Financial Investments HoldingOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Global Financial Investments Holding SAOG (MUS:GFIC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 978, Muscat, OMN, 113

Website

https://www.gfioman.com

Global Financial Investments Holding SAOG through its subsidiaries is engaged in brokerage, investment consultancy services, educational and training services, logistic services, leasing and financing services, manufacturing of aluminum products, and production and manufacturing of industrial gas. Its principal activity includes Brokerage and Investment, Educational and Training, and the majority of its revenue is derived from Educational and Training. Its group operates in two principal geographical areas the Sultanate of Oman and the United Arab Emirates out of which the Sultanate of Oman contributes the majority of total revenue.

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