Saudi Steel Pipe Co (SAU:1320) ROCE % : 31.76% (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Saudi Steel Pipe 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. Saudi Steel Pipe Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.76%.

Saudi Steel Pipe Co ROCE % Historical Data

The historical data trend for Saudi Steel Pipe 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.

* Premium members only.

Saudi Steel Pipe Co ROCE % Chart

Saudi Steel Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-3.98

-4.22

-1.69

11.52

28.08

Saudi Steel Pipe 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															6.00	52.44	23.61	34.70	31.76

Saudi Steel Pipe Co ROCE % Calculation

Saudi Steel Pipe 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 )
	=	257.069	/	( ( (1038.441 - 324.298)	+	(2044.464 - 927.914) )	/ 2 )
	=	257.069	/	( (714.143	+	1116.55)	/ 2 )
	=	257.069	/	915.3465
	=	28.08 %

Saudi Steel Pipe 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 )
	=	360.984	/	( ( (2044.464 - 927.914)	+	(1849.095 - 692.149) )	/ 2 )
	=	360.984	/	( ( 1116.55	+	1156.946 )	/ 2 )
	=	360.984	/	1136.748
	=	31.76 %

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

Saudi Steel Pipe Co (SAU:1320) 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.

Saudi Steel Pipe Co ROCE % Related Terms

Thank you for viewing the detailed overview of Saudi Steel Pipe Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Saudi Steel Pipe Co (SAU:1320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Saudi Steel Pipe Co (SAU:1320) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 11680, Dammam, SAU, 31326

Website

https://www.sspipe.com

Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in two segments, being the Process equipment segment which includes the design, manufacture, assemble, maintain, and market of heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and off-shore plants, and Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. It derives the majority of its revenue from the Steel pipes segment. The company has a market presence with the majority of the revenue generated from Saudi Arabia.

Saudi Steel Pipe Co (SAU:1320) Headlines

No Headlines