Musandam Power CoOG (MUS:MSPW) ROCE % : -1.99% (As of Dec. 2023)

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What is Musandam Power CoOG 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. Musandam Power CoOG's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.99%.

Musandam Power CoOG ROCE % Historical Data

The historical data trend for Musandam Power CoOG'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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Musandam Power CoOG ROCE % Chart

Musandam Power CoOG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.59

8.07

9.35

8.83

8.00

Musandam Power CoOG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.06	-1.20	17.18	18.00	-1.99

Musandam Power CoOG ROCE % Calculation

Musandam Power CoOG'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 )
	=	5.339	/	( ( (96.642 - 28.407)	+	(71.114 - 5.887) )	/ 2 )
	=	5.339	/	( (68.235	+	65.227)	/ 2 )
	=	5.339	/	66.731
	=	8.00 %

Musandam Power CoOG'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 )
	=	-1.324	/	( ( (92.55 - 24.748)	+	(71.114 - 5.887) )	/ 2 )
	=	-1.324	/	( ( 67.802	+	65.227 )	/ 2 )
	=	-1.324	/	66.5145
	=	-1.99 %

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

Musandam Power CoOG (MUS:MSPW) 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.

Musandam Power CoOG ROCE % Related Terms

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Musandam Power CoOG (MUS:MSPW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Musandam Power Co SAOG (MUS:MSPW) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Al Rawaq Building, 2nd Floor, Office No.206, Al Qurum, OMN

Website

https://www.musandampower.com

Musandam Power Co SAOG is the owner of an independent power plant in the Musandam region of the Sultanate of Oman. It is the owner of the first independent power plant in the Musandam region. With a contracted power capacity of 120 MW, the company caters to the current and near-term demand of the region and is a proud contributor to its development aspirations.

Musandam Power CoOG (MUS:MSPW) Headlines

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