Suez Canal Co for Technology Settling (CAI:SCTS) ROCE % : 75.88% (As of Nov. 2023)

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What is Suez Canal Co for Technology Settling 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. Suez Canal Co for Technology Settling's annualized ROCE % for the quarter that ended in Nov. 2023 was 75.88%.

Suez Canal Co for Technology Settling ROCE % Historical Data

The historical data trend for Suez Canal Co for Technology Settling'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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Suez Canal Co for Technology Settling ROCE % Chart

Suez Canal Co for Technology Settling Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug22

Aug23

ROCE %

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32.52

29.62

25.63

Suez Canal Co for Technology Settling Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	May21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															54.54	39.05	24.80	-0.88	75.88

Suez Canal Co for Technology Settling ROCE % Calculation

Suez Canal Co for Technology Settling's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	833.233	/	( ( (3428.433 - 66.46)	+	(3908.932 - 768.128) )	/ 2 )
	=	833.233	/	( (3361.973	+	3140.804)	/ 2 )
	=	833.233	/	3251.3885
	=	25.63 %

Suez Canal Co for Technology Settling's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	2323.344	/	( ( (3908.932 - 768.128)	+	(5180.636 - 2197.649) )	/ 2 )
	=	2323.344	/	( ( 3140.804	+	2982.987 )	/ 2 )
	=	2323.344	/	3061.8955
	=	75.88 %

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

Suez Canal Co for Technology Settling (CAI:SCTS) 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.

Suez Canal Co for Technology Settling ROCE % Related Terms

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Suez Canal Co for Technology Settling (CAI:SCTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Suez Canal Co for Technology Settling (CAI:SCTS) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Sixth October City, Section 51/3 Central Area, Giza, EGY

Website

http://www.scts-eg.com

Suez Canal Co for Technology Settling is engaged in investment, management & operations for technology development, scientific labs & research & training centers. It also offers software development & design services, & data entry, among others.

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