Boursa Kuwait Securities Co KPSC (KUW:BOURSA) ROCE % : 25.58% (As of Mar. 2024)

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What is Boursa Kuwait Securities Co KPSC 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. Boursa Kuwait Securities Co KPSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.58%.

Boursa Kuwait Securities Co KPSC ROCE % Historical Data

The historical data trend for Boursa Kuwait Securities Co KPSC'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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Boursa Kuwait Securities Co KPSC ROCE % Chart

Boursa Kuwait Securities Co KPSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.31

43.85

20.99

23.59

20.56

Boursa Kuwait Securities Co KPSC 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															23.42	24.25	23.40	17.52	25.58

Boursa Kuwait Securities Co KPSC ROCE % Calculation

Boursa Kuwait Securities Co KPSC'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 )
	=	22.703	/	( ( (119.554 - 9.195)	+	(118.886 - 8.428) )	/ 2 )
	=	22.703	/	( (110.359	+	110.458)	/ 2 )
	=	22.703	/	110.4085
	=	20.56 %

Boursa Kuwait Securities Co KPSC'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 )
	=	26.58	/	( ( (118.886 - 8.428)	+	(123.568 - 26.176) )	/ 2 )
	=	26.58	/	( ( 110.458	+	97.392 )	/ 2 )
	=	26.58	/	103.925
	=	25.58 %

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

Boursa Kuwait Securities Co KPSC (KUW:BOURSA) 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.

Boursa Kuwait Securities Co KPSC ROCE % Related Terms

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Boursa Kuwait Securities Co KPSC (KUW:BOURSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Boursa Kuwait Securities Co KPSC (KUW:BOURSA) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Dasman, P.O.Box 1027, Kuwait City, KWT, 15461

Website

https://www.boursakuwait.com.kw

Boursa Kuwait Securities Co KPSC operates as a financial exchange and clearing house in Kuwait. The company also provides securities-related services to participants in the financial sector. Its segment includes securities exchange and clearing, out of which the majority is from the securities exchange.

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