Oman Cables Industryog (MUS:OCAI) ROCE % : 18.47% (As of Sep. 2024)

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What is Oman Cables Industryog 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. Oman Cables Industryog's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.47%.

Oman Cables Industryog ROCE % Historical Data

The historical data trend for Oman Cables Industryog'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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Oman Cables Industryog ROCE % Chart

Oman Cables Industryog Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.98

2.75

6.69

11.37

17.52

Oman Cables Industryog 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															17.73	15.97	19.40	19.53	18.47

Oman Cables Industryog ROCE % Calculation

Oman Cables Industryog'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 )
	=	22.667	/	( ( (159.107 - 36.97)	+	(168.936 - 32.307) )	/ 2 )
	=	22.667	/	( (122.137	+	136.629)	/ 2 )
	=	22.667	/	129.383
	=	17.52 %

Oman Cables Industryog'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 )
	=	26.516	/	( ( (171.396 - 32.12)	+	(179.834 - 31.986) )	/ 2 )
	=	26.516	/	( ( 139.276	+	147.848 )	/ 2 )
	=	26.516	/	143.562
	=	18.47 %

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

Oman Cables Industryog (MUS:OCAI) 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.

Oman Cables Industryog ROCE % Related Terms

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Oman Cables Industryog Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Oman Cables Industry Saog (MUS:OCAI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 25, Rusayl, OMN, 124

Website

https://www.omancables.com

Oman Cables Industry Saog develops, manufactures, and markets a totally integrated variety of electrical cables and conductors for diverse applications, including medium voltage power cables, low voltage power, and control cables, instrumentation cables, pilot cables, overhead power transmission line conductors, and building wires. The Company's principal activity is the manufacture and sale of electrical cables and conductors. The company earns the majority of its revenue from Local Sales and followed by Middle East and North Africa (MENA) region, others.

Oman Cables Industryog Headlines

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