Dhofar Generating CoOG (MUS:DGEN) ROCE % : 7.08% (As of Dec. 2023)

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What is Dhofar Generating CoOG 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. Dhofar Generating CoOG's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.08%.

Dhofar Generating CoOG ROCE % Historical Data

The historical data trend for Dhofar Generating CoOG'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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Dhofar Generating CoOG ROCE % Chart

Dhofar Generating CoOG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.91

4.95

5.05

4.95

5.53

Dhofar Generating CoOG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.22	-0.16	10.83	4.80	7.08

Dhofar Generating CoOG ROCE % Calculation

Dhofar Generating CoOG'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 )
	=	10.335	/	( ( (206.516 - 16.475)	+	(197.705 - 14.292) )	/ 2 )
	=	10.335	/	( (190.041	+	183.413)	/ 2 )
	=	10.335	/	186.727
	=	5.53 %

Dhofar Generating CoOG'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	12.94	/	( ( (200.533 - 18.649)	+	(197.705 - 14.292) )	/ 2 )
	=	12.94	/	( ( 181.884	+	183.413 )	/ 2 )
	=	12.94	/	182.6485
	=	7.08 %

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

Dhofar Generating CoOG (MUS:DGEN) 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.

Dhofar Generating CoOG ROCE % Related Terms

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Dhofar Generating CoOG (MUS:DGEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Dhofar Generating Co SAOG (MUS:DGEN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

PO 1571, PC 211, Salalah, OMN

Website

https://www.dgcoman.com

Dhofar Generating Co SAOG owns and operates the Salalah II IPP project. The principal activities of the Company are to develop, finance, design, construct, operate, maintain, insure power generating station and other relevant infrastructure. The project comprises two power generation plants located at Raysut in the Dhofar Governorate of the Sultanate of Oman.

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