Umm Al-Qura Cement Co (SAU:3005) ROCE % : 7.65% (As of Mar. 2024)

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What is Umm Al-Qura Cement 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. Umm Al-Qura Cement Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.65%.

Umm Al-Qura Cement Co ROCE % Historical Data

The historical data trend for Umm Al-Qura Cement 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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Umm Al-Qura Cement Co ROCE % Chart

Umm Al-Qura Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.79

11.13

8.05

3.10

1.43

Umm Al-Qura Cement 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															5.10	3.18	2.77	-4.47	7.65

Umm Al-Qura Cement Co ROCE % Calculation

Umm Al-Qura Cement 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 )
	=	14.694	/	( ( (1180.225 - 193.493)	+	(1184.467 - 121.493) )	/ 2 )
	=	14.694	/	( (986.732	+	1062.974)	/ 2 )
	=	14.694	/	1024.853
	=	1.43 %

Umm Al-Qura Cement 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 )
	=	80.38	/	( ( (1184.467 - 121.493)	+	(1211.198 - 172.205) )	/ 2 )
	=	80.38	/	( ( 1062.974	+	1038.993 )	/ 2 )
	=	80.38	/	1050.9835
	=	7.65 %

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

Umm Al-Qura Cement Co (SAU:3005) 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.

Umm Al-Qura Cement Co ROCE % Related Terms

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Umm Al-Qura Cement Co (SAU:3005) Business Description

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Traded in Other Exchanges

N/A

Address

King Abdulaziz Road Intersection with Anas Bin Malik Road, P.O. Box 10182, Al-Sahafa District, Riyadh, SAU, 11433

Website

https://www.uacc.com.sa

Umm Al-Qura Cement Co is engaged in producing all kinds of Portland Cement in Saudi Arabia. It manufactures Ordinary Portland Cement, Boussolana cement, and Bulk resistant cement - loose.

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