Salalah Port Services Co (MUS:SPSI) ROCE % : 5.05% (As of Mar. 2024)

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What is Salalah Port Services Co 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. Salalah Port Services Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.05%.

Salalah Port Services Co ROCE % Historical Data

The historical data trend for Salalah Port Services Co'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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Salalah Port Services Co ROCE % Chart

Salalah Port Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.86

20.86

6.77

5.07

4.32

Salalah Port Services Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.79	6.86	4.69	-0.91	5.05

Salalah Port Services Co ROCE % Calculation

Salalah Port Services Co'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 )
	=	3.912	/	( ( (119.487 - 29.219)	+	(123.073 - 32.075) )	/ 2 )
	=	3.912	/	( (90.268	+	90.998)	/ 2 )
	=	3.912	/	90.633
	=	4.32 %

Salalah Port Services Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	4.556	/	( ( (123.073 - 32.075)	+	(116.437 - 26.891) )	/ 2 )
	=	4.556	/	( ( 90.998	+	89.546 )	/ 2 )
	=	4.556	/	90.272
	=	5.05 %

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

Salalah Port Services Co (MUS:SPSI) 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.

Salalah Port Services Co ROCE % Related Terms

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Salalah Port Services Co (MUS:SPSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Salalah Port Services Co (MUS:SPSI) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

P.O. Box 369, Salalah, OMN, 211

Website

https://www.salalahport.com.om

Salalah Port Services Co operates the Port of Salalah, which is in the east-west shipping lane of the Sultanate of Oman. Its port activity includes leasing, equipping, operating, and managing Terminals and Cargo. The group operates with two business divisions; Container Terminal and General Cargo Terminal. Its geographical area of operation includes Oman, Europe, Asia, and others of which the Europe region accounts for a larger share of the revenue.

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