Oman Packaging CoOG (MUS:OPCI) ROCE % : 2.19% (As of Sep. 2024)

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What is Oman Packaging 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 Packaging CoOG's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.19%.

Oman Packaging CoOG ROCE % Historical Data

The historical data trend for Oman Packaging 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 Packaging CoOG ROCE % Chart

Oman Packaging CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.86

17.57

11.92

5.76

10.33

Oman Packaging CoOG 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															9.33	8.57	13.32	4.09	2.19

Oman Packaging CoOG ROCE % Calculation

Oman Packaging 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 )
	=	0.853	/	( ( (12.316 - 3.973)	+	(10.969 - 2.792) )	/ 2 )
	=	0.853	/	( (8.343	+	8.177)	/ 2 )
	=	0.853	/	8.26
	=	10.33 %

Oman Packaging CoOG'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 )
	=	0.184	/	( ( (10.762 - 2.379)	+	(10.525 - 2.108) )	/ 2 )
	=	0.184	/	( ( 8.383	+	8.417 )	/ 2 )
	=	0.184	/	8.4
	=	2.19 %

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

Oman Packaging CoOG (MUS:OPCI) 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 Packaging CoOG ROCE % Related Terms

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Oman Packaging CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Oman Packaging Co SAOG (MUS:OPCI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rusayl Industrial Estate, P.O.Box.99, Sultanate of Oman, Muscat, OMN, 124

Website

https://www.omanipackaging.com

Oman Packaging Co SAOG is engaged in the manufacturing and selling of various types of paper packaging materials. Its product range includes corrugated boxes and a variety of cartons including regular slotted cartons, die-cut wrap-around, telescopic top and bottom, single-face corrugated rolls for cushioning and protection, and wax-lined cartons for frozen products. The company offers its products to the industrial, agricultural, and household sectors.

Oman Packaging CoOG Headlines

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