Bahrain Duty Free Shop Complex BSC (BAH:DUTYF) ROCE % : -1.24% (As of Mar. 2024)

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What is Bahrain Duty Free Shop Complex 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. Bahrain Duty Free Shop Complex BSC's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.24%.

Bahrain Duty Free Shop Complex BSC ROCE % Historical Data

The historical data trend for Bahrain Duty Free Shop Complex 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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Bahrain Duty Free Shop Complex BSC ROCE % Chart

Bahrain Duty Free Shop Complex BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.40

4.04

4.51

-1.22

-1.28

Bahrain Duty Free Shop Complex 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															-1.15	-1.08	-1.24	-1.73	-1.24

Bahrain Duty Free Shop Complex BSC ROCE % Calculation

Bahrain Duty Free Shop Complex 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 )
	=	-0.579	/	( ( (46.631 - 0.295)	+	(44.733 - 0.317) )	/ 2 )
	=	-0.579	/	( (46.336	+	44.416)	/ 2 )
	=	-0.579	/	45.376
	=	-1.28 %

Bahrain Duty Free Shop Complex 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 )
	=	-0.54	/	( ( (44.733 - 0.317)	+	(43.066 - 0.311) )	/ 2 )
	=	-0.54	/	( ( 44.416	+	42.755 )	/ 2 )
	=	-0.54	/	43.5855
	=	-1.24 %

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

Bahrain Duty Free Shop Complex BSC (BAH:DUTYF) 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.

Bahrain Duty Free Shop Complex BSC ROCE % Related Terms

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Bahrain Duty Free Shop Complex BSC (BAH:DUTYF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Bahrain Duty Free Shop Complex BSC (BAH:DUTYF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road 21701, Diplomatic Area, Falcon Tower, Building No 60, Manama, BHR

Website

https://www.bdutyfree.com

Bahrain Duty Free Shop Complex BSC operates shops within Bahrain International Airport, Khalifa Port and Gulf Air Inflight under a concession agreement from the Government of Bahrain. Bahrain Duty Free Co WLL, a Bahraini incorporated company, 55% owned by the company and 45% owned by Gulf Air Group Holding BSC, a company owned by the Government of Bahrain, has won the new concession from the Government of Bahrain to operate the duty free business in the new Bahrain international airport. The company generates revenue primarily from the sale of goods at the duty free to its customers.

Bahrain Duty Free Shop Complex BSC (BAH:DUTYF) Headlines

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