Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) ROCE % : 12.08% (As of Dec. 2023)

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What is Ras AL Khaimah Ceramics Co PSC 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. Ras AL Khaimah Ceramics Co PSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.08%.

Ras AL Khaimah Ceramics Co PSC ROCE % Historical Data

The historical data trend for Ras AL Khaimah Ceramics Co PSC'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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Ras AL Khaimah Ceramics Co PSC ROCE % Chart

Ras AL Khaimah Ceramics Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.50

-1.49

10.54

12.52

12.00

Ras AL Khaimah Ceramics Co PSC 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															9.78	11.87	11.29	12.94	12.08

Ras AL Khaimah Ceramics Co PSC ROCE % Calculation

Ras AL Khaimah Ceramics Co PSC'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 )
	=	420.046	/	( ( (5417.564 - 1921.113)	+	(5357.091 - 1852.276) )	/ 2 )
	=	420.046	/	( (3496.451	+	3504.815)	/ 2 )
	=	420.046	/	3500.633
	=	12.00 %

Ras AL Khaimah Ceramics Co PSC'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 )
	=	420.396	/	( ( (5356.47 - 1901.093)	+	(5357.091 - 1852.276) )	/ 2 )
	=	420.396	/	( ( 3455.377	+	3504.815 )	/ 2 )
	=	420.396	/	3480.096
	=	12.08 %

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

Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) 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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Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Business Description

Industry

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Address

Al Jazeerah Al Hamra City, P.O. Box 4714, Ras Al Khaimah, ARE

Website

https://www.rakceramics.com

Ras AL Khaimah Ceramics Co PSC is engaged in the manufacturing and sale of a variety of ceramic products including tiles, bathroom sets, sanitary wares, table wares and faucets. The reportable segments of the company are Ceramics products, includes manufacture and sale of ceramic wall and floor tiles, gres porcellanato, bath-ware and tableware products. Faucets, includes manufacture and sale of Taps and Faucets. Other industrial, includes manufacturing and distribution of power, paints, plastics, mines and chemicals. Others includes security services, material movement, real estate, construction projects and civil works.

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