Metal & Recycling Co (KUW:MRC) ROCE % : 4.92% (As of Mar. 2024)

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What is Metal & Recycling 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. Metal & Recycling Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.92%.

Metal & Recycling Co ROCE % Historical Data

The historical data trend for Metal & Recycling 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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Metal & Recycling Co ROCE % Chart

Metal & Recycling Co Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.28

-12.46

-3.53

7.15

6.93

Metal & Recycling Co 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															5.75	8.67	5.86	7.45	4.92

Metal & Recycling Co ROCE % Calculation

Metal & Recycling 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 )
	=	1.378	/	( ( (27.063 - 7.728)	+	(31.448 - 11.026) )	/ 2 )
	=	1.378	/	( (19.335	+	20.422)	/ 2 )
	=	1.378	/	19.8785
	=	6.93 %

Metal & Recycling Co'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 )
	=	1	/	( ( (31.448 - 11.026)	+	(31.366 - 11.155) )	/ 2 )
	=	1	/	( ( 20.422	+	20.211 )	/ 2 )
	=	1	/	20.3165
	=	4.92 %

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

Metal & Recycling Co (KUW:MRC) 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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Metal & Recycling Co (KUW:MRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Metal & Recycling Co (KUW:MRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amghara Industrial Area, Block 13, Plot Number 800024, Unit Number 2, Next to Kuwait Municipality, Kuwait City, KWT

Website

http://www.mrckw.com

Metal & Recycling Co is a Kuwait based eco-industrial company. It principally offers sustainable waste management, recycling and industrial solutions to government, oil and gas, petrochemicals, manufacturing and commercial clients.