Oman Oil Marketing CoOG (MUS:OOMS) ROCE % : 7.77% (As of Dec. 2023)

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What is Oman Oil Marketing 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 Oil Marketing CoOG's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.77%.

Oman Oil Marketing CoOG ROCE % Historical Data

The historical data trend for Oman Oil Marketing 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 Oil Marketing CoOG ROCE % Chart

Oman Oil Marketing CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.82

3.85

8.23

10.17

7.77

Oman Oil Marketing CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial													9.82	3.85	8.23	10.17	7.77

Oman Oil Marketing CoOG ROCE % Calculation

Oman Oil Marketing 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 )
	=	10.19	/	( ( (226.892 - 111.312)	+	(235.075 - 88.248) )	/ 2 )
	=	10.19	/	( (115.58	+	146.827)	/ 2 )
	=	10.19	/	131.2035
	=	7.77 %

Oman Oil Marketing 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	10.19	/	( ( (226.892 - 111.312)	+	(235.075 - 88.248) )	/ 2 )
	=	10.19	/	( ( 115.58	+	146.827 )	/ 2 )
	=	10.19	/	131.2035
	=	7.77 %

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

Oman Oil Marketing CoOG (MUS:OOMS) 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 Oil Marketing CoOG ROCE % Related Terms

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Oman Oil Marketing CoOG (MUS:OOMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oman Oil Marketing Co SAOG (MUS:OOMS) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Mina Al Fahal, P.O. Box 92, Muscat, OMN, 116

Website

https://www.oomco.com

Oman Oil Marketing Co SAOG is engaged in the marketing and distribution of petroleum products. Its operating segment includes Retail, Commercial, Aviation, and Others. It generates maximum revenue from the Retail segment. Geographically, it operates only in the Sultanate of Oman. Its products and services include fuel retailing stations, fuel cards, Alain, lubricants, storage and distribution, aviation fuels, commercial fuels, and bunkering marine fuel.

Oman Oil Marketing CoOG (MUS:OOMS) Headlines

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