Rabigh Refining & Petrochemical Co (SAU:2380) ROCE % : -7.80% (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Rabigh Refining & 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. Rabigh Refining & Petrochemical Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.80%.

Rabigh Refining & Petrochemical Co ROCE % Historical Data

The historical data trend for Rabigh Refining & 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.

* Premium members only.

Rabigh Refining & Petrochemical Co ROCE % Chart

Rabigh Refining & Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

1.63

-4.65

7.50

0.60

-6.61

Rabigh Refining & Petrochemical 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															-15.17	-4.82	-6.11	-5.36	-7.80

Rabigh Refining & Petrochemical Co ROCE % Calculation

Rabigh Refining & Petrochemical 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 )
	=	-2612.429	/	( ( (65578.732 - 26931.28)	+	(63202.879 - 22756.224) )	/ 2 )
	=	-2612.429	/	( (38647.452	+	40446.655)	/ 2 )
	=	-2612.429	/	39547.0535
	=	-6.61 %

Rabigh Refining & Petrochemical 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 )
	=	-3258.372	/	( ( (65504.286 - 22383.305)	+	(63202.879 - 22756.224) )	/ 2 )
	=	-3258.372	/	( ( 43120.981	+	40446.655 )	/ 2 )
	=	-3258.372	/	41783.818
	=	-7.80 %

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

Rabigh Refining & Petrochemical Co (SAU:2380) 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.

Rabigh Refining & Petrochemical Co ROCE % Related Terms

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

Rabigh Refining & Petrochemical Co (SAU:2380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rabigh Refining & Petrochemical Co (SAU:2380) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 101, Rabigh, SAU, 21911

Website

http://www.petrorabigh.com

Rabigh Refining & Petrochemical Co is engaged in the development, construction, and operation of an integrated petroleum refining and petrochemical complex. The company's operating segment include Refined Products and Petrochemicals. It generates maximum revenue from the Refined products segment. The company's Refined products include Fuel Oil; Gas Oil; Gasoline; Kerosene; Naphtha and LPG. Its Petrochemicals division producing petrochemical products, such as polyethylene, mono ethylene glycol, polypropylene, and propylene oxide from crude oil, ethane, and butane.

Rabigh Refining & Petrochemical Co (SAU:2380) Headlines

No Headlines