National Petrochemical Co (SAU:2002) ROCE % : 60.29% (As of Dec. 2021)

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What is National Petrochemical 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. National Petrochemical Co's annualized ROCE % for the quarter that ended in Dec. 2021 was 60.29%.

National Petrochemical Co ROCE % Historical Data

The historical data trend for National Petrochemical 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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National Petrochemical Co ROCE % Chart

National Petrochemical Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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9.23

12.39

8.21

2.06

15.55

National Petrochemical Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															9.46	18.65	23.75	-0.26	60.29

National Petrochemical Co ROCE % Calculation

National Petrochemical Co's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	1342.293	/	( ( (8477.528 - 354.388)	+	(9435.393 - 297.396) )	/ 2 )
	=	1342.293	/	( (8123.14	+	9137.997)	/ 2 )
	=	1342.293	/	8630.5685
	=	15.55 %

National Petrochemical Co's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	5444.384	/	( ( (9201.612 - 280.019)	+	(9435.393 - 297.396) )	/ 2 )
	=	5444.384	/	( ( 8921.593	+	9137.997 )	/ 2 )
	=	5444.384	/	9029.795
	=	60.29 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

National Petrochemical Co (SAU:2002) 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.

National Petrochemical Co ROCE % Related Terms

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National Petrochemical Co (SAU:2002) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Northern Ring Branch Road, Hittin Area unit 202, PO Box 99833, Riyadh, SAU, 11625

Website

http://www.petrochem.com.sa

National Petrochemical Co manufactures petrochemical products. Through its subsidiary, Saudi Polymers Company, it develops, produces petrochemical products, and through the Distribution company, it wholesales and retails petrochemical products. Its products include High Density Polyethylene (HDPE), Polypropylene (PP), Polystyrene (PS), and Hexene-1. The company's geographical segments include Domestic/Middle East, Asia, and Europe/Africa.

National Petrochemical Co (SAU:2002) Headlines

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