Barka Desalination Co (MUS:BRDE) ROCE % : 6.25% (As of Dec. 2023)

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What is Barka Desalination Co 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. Barka Desalination Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.25%.

Barka Desalination Co ROCE % Historical Data

The historical data trend for Barka Desalination Co'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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Barka Desalination Co ROCE % Chart

Barka Desalination Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

5.33

5.36

6.25

Barka Desalination Co Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	5.33	5.36	6.25

Barka Desalination Co ROCE % Calculation

Barka Desalination Co'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 )
	=	6.27	/	( ( (108.574 - 6.006)	+	(104.837 - 6.644) )	/ 2 )
	=	6.27	/	( (102.568	+	98.193)	/ 2 )
	=	6.27	/	100.3805
	=	6.25 %

Barka Desalination Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	6.27	/	( ( (108.574 - 6.006)	+	(104.837 - 6.644) )	/ 2 )
	=	6.27	/	( ( 102.568	+	98.193 )	/ 2 )
	=	6.27	/	100.3805
	=	6.25 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Barka Desalination Co (MUS:BRDE) 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.

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Barka Desalination Co (MUS:BRDE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Barka Desalination Co (MUS:BRDE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Wilaj Street, Way No 1013 Al Qurm, PO Box 252, Building No 1022, Office No 16, 1st Floor, Bousher, Muscat, OMN, 103

Website

https://www.barkadesalination.com

Barka Desalination Co is engaged in operation of seawater desalination plant in Oman. The objectives of the Company are to acquire, develop, finance, design, construct, operate, maintain a desalination facility at Barka Independent Water Project, a sea water reverse osmosis (SWRO) plant located in Barka, South Batinah Governorate, Sultanate of Oman.

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