National Investments Co KSC (KUW:NINV) ROCE % : 8.68% (As of Mar. 2024)

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What is National Investments Co KSC 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. National Investments Co KSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.68%.

National Investments Co KSC ROCE % Historical Data

The historical data trend for National Investments Co KSC'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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National Investments Co KSC ROCE % Chart

National Investments Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.31

-0.84

12.18

4.12

2.67

National Investments Co KSC 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															2.14	6.43	-2.23	4.59	8.68

National Investments Co KSC ROCE % Calculation

National Investments Co KSC'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 )
	=	6.345	/	( ( (270.951 - 20.807)	+	(249.301 - 23.702) )	/ 2 )
	=	6.345	/	( (250.144	+	225.599)	/ 2 )
	=	6.345	/	237.8715
	=	2.67 %

National Investments Co KSC'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 )
	=	20.916	/	( ( (249.301 - 23.702)	+	(277.657 - 21.452) )	/ 2 )
	=	20.916	/	( ( 225.599	+	256.205 )	/ 2 )
	=	20.916	/	240.902
	=	8.68 %

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

National Investments Co KSC (KUW:NINV) 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.

National Investments Co KSC ROCE % Related Terms

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National Investments Co KSC (KUW:NINV) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » National Investments Co KSC (KUW:NINV) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Jaber Al Mubarak street, Khaleejia Complex, 19th Floor, P.O Box 25667, Sharq, Safat, Kuwait, KWT, 13117

Website

https://www.nic.com.kw

National Investments Co KSC is an investment company providing financial and investment services. It operates in four business segments: Investment segment represents trading in equities including investment in associates and other strategic investments; the Treasury segment represents liquidity management and trading in foreign currencies; Real estate segment represents buying, selling, and investing in real estate; Asset management, advisory, and brokerage segment represent managing discretionary and non-discretionary investment portfolios, managing investment funds, brokerage services, and providing advisory and other related financial services. The company generates the majority of its revenue from Kuwait and GCC countries.

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