Taageer Finance CoOC (MUS:TFCI) ROCE % : 6.93% (As of Dec. 2023)

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What is Taageer Finance CoOC 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. Taageer Finance CoOC's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.93%.

Taageer Finance CoOC ROCE % Historical Data

The historical data trend for Taageer Finance CoOC'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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Taageer Finance CoOC ROCE % Chart

Taageer Finance CoOC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.91

4.26

5.50

4.85

6.93

Taageer Finance CoOC 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													6.91	4.26	5.50	4.85	6.93

Taageer Finance CoOC ROCE % Calculation

Taageer Finance CoOC'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 )
	=	9.478	/	( ( (212.961 - 78.671)	+	(242.526 - 103.112) )	/ 2 )
	=	9.478	/	( (134.29	+	139.414)	/ 2 )
	=	9.478	/	136.852
	=	6.93 %

Taageer Finance CoOC'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 )
	=	9.478	/	( ( (212.961 - 78.671)	+	(242.526 - 103.112) )	/ 2 )
	=	9.478	/	( ( 134.29	+	139.414 )	/ 2 )
	=	9.478	/	136.852
	=	6.93 %

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

Taageer Finance CoOC (MUS:TFCI) 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.

Taageer Finance CoOC ROCE % Related Terms

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Taageer Finance CoOC Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Taageer Finance Co SAOC (MUS:TFCI) » Definitions » ROCE %

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Address

Al Khuwair, Muscat, OMN, 136

Website

https://www.taageer.com

Taageer Finance Co SAOC is a non-banking finance company operating in Oman. The company operates in two segments corporate and retail. The Company is engaged in the business of providing leasing, working capital finance, and bill discounting to retail, SME, and corporate customers in the Sultanate of Oman. The company generates the majority of its revenue from the corporate segment and carries out business within the Sultanate of Oman.

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