Saudia Dairy and Foodstuff Co (SAU:2270) ROCE % : 20.57% (As of Dec. 2023)

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What is Saudia Dairy and Foodstuff 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. Saudia Dairy and Foodstuff Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.57%.

Saudia Dairy and Foodstuff Co ROCE % Historical Data

The historical data trend for Saudia Dairy and Foodstuff 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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Saudia Dairy and Foodstuff Co ROCE % Chart

Saudia Dairy and Foodstuff Co Annual Data

Trend

Mar12

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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19.81

15.93

18.13

17.00

13.44

Saudia Dairy and Foodstuff Co 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															16.57	21.74	23.85	29.97	20.57

Saudia Dairy and Foodstuff Co ROCE % Calculation

Saudia Dairy and Foodstuff Co's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	236.842	/	( ( (2229.435 - 474.22)	+	(2286.42 - 516.585) )	/ 2 )
	=	236.842	/	( (1755.215	+	1769.835)	/ 2 )
	=	236.842	/	1762.525
	=	13.44 %

Saudia Dairy and Foodstuff Co'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 )
	=	422.016	/	( ( (2561.076 - 563.928)	+	(2791.235 - 684.785) )	/ 2 )
	=	422.016	/	( ( 1997.148	+	2106.45 )	/ 2 )
	=	422.016	/	2051.799
	=	20.57 %

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

Saudia Dairy and Foodstuff Co (SAU:2270) 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.

Saudia Dairy and Foodstuff Co ROCE % Related Terms

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Saudia Dairy and Foodstuff Co (SAU:2270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Saudia Dairy and Foodstuff Co (SAU:2270) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ibrahim Almalki Street, P.O. Box 5043, Al Nakheel District, Jeddah, SAU, 21422

Website

https://www.sadafco.com

Saudia Dairy and Foodstuff Co is involved in the business of local production, importation, distribution, and marketing of foodstuffs, beverages, and dairy products. It operates in two segments: Drinks, which include milk and juice products; and Non- drinks, which include ice creams, tomato paste, cheese, and snacks. The company's geographical segments are Saudi Arabia, Poland, Gulf Cooperation Council (GCC) countries, and Others.

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