Arab Aluminium Industry (AMM:AALU) ROCE % : -0.31% (As of Mar. 2024)

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What is Arab Aluminium Industry 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. Arab Aluminium Industry's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.31%.

Arab Aluminium Industry ROCE % Historical Data

The historical data trend for Arab Aluminium Industry'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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Arab Aluminium Industry ROCE % Chart

Arab Aluminium Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.75

2.28

8.86

5.17

0.53

Arab Aluminium Industry 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															0.80	-4.33	1.02	4.74	-0.31

Arab Aluminium Industry ROCE % Calculation

Arab Aluminium Industry'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 )
	=	0.062	/	( ( (14.108 - 2.149)	+	(15.566 - 4.1) )	/ 2 )
	=	0.062	/	( (11.959	+	11.466)	/ 2 )
	=	0.062	/	11.7125
	=	0.53 %

Arab Aluminium Industry'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 )
	=	-0.036	/	( ( (15.566 - 4.1)	+	(15.363 - 3.928) )	/ 2 )
	=	-0.036	/	( ( 11.466	+	11.435 )	/ 2 )
	=	-0.036	/	11.4505
	=	-0.31 %

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

Arab Aluminium Industry (AMM:AALU) 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.

Arab Aluminium Industry ROCE % Related Terms

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Arab Aluminium Industry (AMM:AALU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arab Aluminium Industry (AMM:AALU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ain El-Basha, P. O. Box 35042, Amman, JOR, 11180

Website

https://www.aralaluminum.com

Arab Aluminium Industry is engaged in producing all kinds of aluminum. The company manufactures aluminum, extrusion, cutting and pulling profiles, and manufacture raw materials for aluminum. Its products include a Sliding system, Curtain wall and shutters, Hinges system, and curtains. The company conducts operations in the Kingdom, representing local operations.

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