Esterad Investment Co BSC (BAH:ESTERAD) ROCE % : 7.08% (As of Mar. 2024)

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What is Esterad Investment Co 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. Esterad Investment Co BSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.08%.

Esterad Investment Co BSC ROCE % Historical Data

The historical data trend for Esterad Investment Co 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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Esterad Investment Co BSC ROCE % Chart

Esterad Investment Co BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.02

2.38

6.04

6.39

13.26

Esterad Investment Co 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															4.07	7.04	8.85	33.39	7.08

Esterad Investment Co BSC ROCE % Calculation

Esterad Investment Co 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 )
	=	6.197	/	( ( (53.601 - 14.49)	+	(119.859 - 65.533) )	/ 2 )
	=	6.197	/	( (39.111	+	54.326)	/ 2 )
	=	6.197	/	46.7185
	=	13.26 %

Esterad Investment Co 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 )
	=	5.708	/	( ( (119.859 - 65.533)	+	(122.128 - 15.184) )	/ 2 )
	=	5.708	/	( ( 54.326	+	106.944 )	/ 2 )
	=	5.708	/	80.635
	=	7.08 %

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

Esterad Investment Co BSC (BAH:ESTERAD) 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.

Esterad Investment Co BSC ROCE % Related Terms

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Esterad Investment Co BSC (BAH:ESTERAD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Esterad Investment Co BSC (BAH:ESTERAD) » Definitions » ROCE %

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N/A

Address

GBCORP Tower, 3rd Floor, P.O. Box 1080, Manama, BHR

Website

https://www.esterad.net

Esterad Investment Co BSC is a Bahrain company operating in the financial sector. The principal activity of the company is to invest in public and private equities, fixed income, real estate, and other asset classes in both local and international markets. It owns four key portfolio investment models including a strategic equity portfolio, fixed income portfolio, properties & income-producing assets, and a trading portfolio. The company generates the majority of its revenue from Investment income.

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