Thevola Group (SAU:2050) ROCE % : 10.64% (As of Dec. 2023)

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What is Thevola Group 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. Thevola Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.64%.

Thevola Group ROCE % Historical Data

The historical data trend for Thevola Group'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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Thevola Group ROCE % Chart

Thevola Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.19

9.15

5.50

9.25

12.20

Thevola Group 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															4.96	17.35	10.57	11.39	10.64

Thevola Group ROCE % Calculation

Thevola Group'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 )
	=	2229.196	/	( ( (29564.648 - 11644.462)	+	(29962.663 - 11329.164) )	/ 2 )
	=	2229.196	/	( (17920.186	+	18633.499)	/ 2 )
	=	2229.196	/	18276.8425
	=	12.20 %

Thevola Group'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 )
	=	1960.732	/	( ( (30376.495 - 12160.326)	+	(29962.663 - 11329.164) )	/ 2 )
	=	1960.732	/	( ( 18216.169	+	18633.499 )	/ 2 )
	=	1960.732	/	18424.834
	=	10.64 %

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

Thevola Group (SAU:2050) 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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Thevola Group (SAU:2050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Savola Group (SAU:2050) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Faisal Bin Fahad Street, Savola Tower, The Headquarter Business Park, Ashati District, 2444 Taha Khusaifan-Ashati, Unit Number 15, Jeddah, SAU, 23511-7333

Website

https://www.savola.com

The Savola Group is a strategic investment holding company. It is focused on the food and retail sectors, with operations in the Middle East, Turkey and other regions. It is organized into the following operating segments namely Foods processing, Retail, Food Services, Frozen food and Investment. The group derives majority of revenue from the Foods processing segment which consists of includes manufacturing, sale and distribution of Edible oils, Sugar, Pasta, Spices, Nuts, Pulses and other food products.

Thevola Group (SAU:2050) Headlines

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