BOC Kenya (NAI:BOC) ROCE % : 13.13% (As of Dec. 2022)

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What is BOC Kenya 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. BOC Kenya's annualized ROCE % for the quarter that ended in Dec. 2022 was 13.13%.

BOC Kenya ROCE % Historical Data

The historical data trend for BOC Kenya'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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BOC Kenya ROCE % Chart

BOC Kenya Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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7.74

6.18

10.29

10.59

13.13

BOC Kenya Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial						7.74	6.18	10.29	10.59	13.13

BOC Kenya ROCE % Calculation

BOC Kenya's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	214.483	/	( ( (1997.108 - 400.57)	+	(1950.881 - 281.575) )	/ 2 )
	=	214.483	/	( (1596.538	+	1669.306)	/ 2 )
	=	214.483	/	1632.922
	=	13.13 %

BOC Kenya's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	214.483	/	( ( (1997.108 - 400.57)	+	(1950.881 - 281.575) )	/ 2 )
	=	214.483	/	( ( 1596.538	+	1669.306 )	/ 2 )
	=	214.483	/	1632.922
	=	13.13 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

BOC Kenya (NAI:BOC) 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.

BOC Kenya ROCE % Related Terms

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BOC Kenya (NAI:BOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » BOC Kenya PLC (NAI:BOC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kitui Road, Off Kampala Road, P.O. Box 18010, Industrial Area, Nairobi, KEN, 00500

Website

https://www.boc.co.ke

BOC Kenya PLC is engaged in the manufacture and sale of industrial gases, medical gases, and welding products. The company's segment based on regions consists of Kenya, Tanzania, and Uganda. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, and special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates majority of its revenue from the sale of medical and industrial gases.