Oman Investment & Finance CoOG (MUS:OIFC) ROCE % : 11.65% (As of Sep. 2023)

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What is Oman Investment & Finance 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. Oman Investment & Finance CoOG's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.65%.

Oman Investment & Finance CoOG ROCE % Historical Data

The historical data trend for Oman Investment & Finance 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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Oman Investment & Finance CoOG ROCE % Chart

Oman Investment & Finance CoOG Annual Data

Trend

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.76

15.88

11.45

13.32

11.88

Oman Investment & Finance CoOG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															12.43	6.61	11.44	9.04	11.65

Oman Investment & Finance CoOG ROCE % Calculation

Oman Investment & Finance CoOG's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	8.595	/	( ( (119.014 - 65.969)	+	(133.664 - 41.952) )	/ 2 )
	=	8.595	/	( (53.045	+	91.712)	/ 2 )
	=	8.595	/	72.3785
	=	11.88 %

Oman Investment & Finance CoOG's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	10.668	/	( ( (128.554 - 36.797)	+	(132.559 - 41.251) )	/ 2 )
	=	10.668	/	( ( 91.757	+	91.308 )	/ 2 )
	=	10.668	/	91.5325
	=	11.65 %

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

Oman Investment & Finance CoOG (MUS:OIFC) 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 Investment & Finance CoOG ROCE % Related Terms

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Oman Investment & Finance CoOG (MUS:OIFC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Oman Investment & Finance Co SAOG (MUS:OIFC) » Definitions » ROCE %

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Address

Ruwi, P.O. Box 2476, Muscat, OMN, 112

Website

http://www.oifcoman.com

Oman Investment & Finance Co SAOG is an Oman based investment and services company. It specializes in providing billing, collection, and debt factoring for electricity, water, and telecom services. The company's operating segment includes Execution of contracts with principals; Investment, Money exchange and Contracting. The company generates maximum revenue from the Execution of contracts with principals segment. Geographically, the group principally operates in the Sultanate of Oman and other GCC countries.

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