Aluminium Bahrain BSC (BAH:ALBH) ROCE % : 6.31% (As of Mar. 2024)

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What is Aluminium Bahrain BSC 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. Aluminium Bahrain BSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.31%.

Aluminium Bahrain BSC ROCE % Historical Data

The historical data trend for Aluminium Bahrain BSC'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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Aluminium Bahrain BSC ROCE % Chart

Aluminium Bahrain BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.44

2.56

23.91

19.76

7.90

Aluminium Bahrain BSC 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															10.88	7.93	5.11	7.38	6.31

Aluminium Bahrain BSC ROCE % Calculation

Aluminium Bahrain BSC'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 )
	=	178.26	/	( ( (2617.184 - 283.475)	+	(2553.561 - 371.895) )	/ 2 )
	=	178.26	/	( (2333.709	+	2181.666)	/ 2 )
	=	178.26	/	2257.6875
	=	7.90 %

Aluminium Bahrain BSC'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 )
	=	137.72	/	( ( (2553.561 - 371.895)	+	(2575.468 - 391.415) )	/ 2 )
	=	137.72	/	( ( 2181.666	+	2184.053 )	/ 2 )
	=	137.72	/	2182.8595
	=	6.31 %

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

Aluminium Bahrain BSC (BAH:ALBH) 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.

Aluminium Bahrain BSC ROCE % Related Terms

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Aluminium Bahrain BSC (BAH:ALBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminium Bahrain BSC (BAH:ALBH) » Definitions » ROCE %

Traded in Other Exchanges

ALBH:UK

Address

94 Road, King Hamad Highway, Building 150, Block 951, P.O. Box 570, Askar, BHR

Website

https://www.albasmelter.com

Aluminium Bahrain BSC manufactures aluminum and aluminum related products. The company owns and operates aluminum smelter where it produces Extrusion Billets, Foundry Alloy Ingots Propertzi and Standard Ingot Form, Rolling Slabs, Tee and Standard Ingots and Liquid Metal. The other products of the company are anodes, water, power, and calcined coke.

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