Saudi Electricity Co (SAU:5110) ROCE % : -0.24% (As of Dec. 2023)

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What is Saudi Electricity 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. Saudi Electricity Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.24%.

Saudi Electricity Co ROCE % Historical Data

The historical data trend for Saudi Electricity 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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Saudi Electricity Co ROCE % Chart

Saudi Electricity Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.05

2.08

4.24

4.36

3.33

Saudi Electricity 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															2.94	1.58	5.59	6.70	-0.24

Saudi Electricity Co ROCE % Calculation

Saudi Electricity 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 )
	=	14559.574	/	( ( (479481.536 - 47329.239)	+	(500788.818 - 57477.596) )	/ 2 )
	=	14559.574	/	( (432152.297	+	443311.222)	/ 2 )
	=	14559.574	/	437731.7595
	=	3.33 %

Saudi Electricity 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 )
	=	-1067.344	/	( ( (505523.798 - 61536.497)	+	(500788.818 - 57477.596) )	/ 2 )
	=	-1067.344	/	( ( 443987.301	+	443311.222 )	/ 2 )
	=	-1067.344	/	443649.2615
	=	-0.24 %

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

Saudi Electricity Co (SAU:5110) 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.

Saudi Electricity Co ROCE % Related Terms

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Saudi Electricity Co (SAU:5110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Saudi Electricity Co (SAU:5110) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Crossing of Al-Olaya Street, Rihana Bint Zaid Street, P. O. Box 22955, Al-Arid district, Riyadh, SAU, 11416

Website

https://www.se.com.sa

Saudi Electricity Co is principally engaged in the generation, transmission, and distribution of electrical power and customer service activities. The company provides its services to governmental, industrial, agricultural, commercial, and residential sectors. Saudi Electricity operates through three segments namely Generation segment which is involved in the generation and provision of electric power; Transmission segment which is engaged in the transmission of electrical power from generation stations using transmission network, to the distribution network and operation and maintenance of electricity transmission system; and Distribution and Subscriber services segment which includes receipt of electric power from the transmission network and distribution to the company's customers.

Saudi Electricity Co (SAU:5110) Headlines

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