El Sewedy Electric Co (CAI:SWDY) ROCE % : 42.44% (As of Dec. 2023)

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What is El Sewedy Electric 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. El Sewedy Electric Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 42.44%.

El Sewedy Electric Co ROCE % Historical Data

The historical data trend for El Sewedy Electric 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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El Sewedy Electric Co ROCE % Chart

El Sewedy Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.02

21.93

24.42

31.87

50.39

El Sewedy Electric 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															52.24	56.75	49.23	47.35	42.44

El Sewedy Electric Co ROCE % Calculation

El Sewedy Electric 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 )
	=	21161.612	/	( ( (114024.028 - 78374.645)	+	(151448.655 - 103106.432) )	/ 2 )
	=	21161.612	/	( (35649.383	+	48342.223)	/ 2 )
	=	21161.612	/	41995.803
	=	50.39 %

El Sewedy Electric 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 )
	=	19907.168	/	( ( (141710.505 - 96246.339)	+	(151448.655 - 103106.432) )	/ 2 )
	=	19907.168	/	( ( 45464.166	+	48342.223 )	/ 2 )
	=	19907.168	/	46903.1945
	=	42.44 %

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

El Sewedy Electric Co (CAI:SWDY) 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.

El Sewedy Electric Co ROCE % Related Terms

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El Sewedy Electric Co (CAI:SWDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » El Sewedy Electric Co (CAI:SWDY) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Plot No. 27, 1st District, 5th Settlement, P.O.Box 311, New Cairo, EGY, 11853

Website

http://www.elsewedyelectric.com

El Sewedy Electric Co is an Egypt based company that is engaged in the machinery business sector. The company's operating segment includes Cables, Constructions and Electricity products. The Cables segment is engaged in manufacturing, marketing and trading the cables. The constructions segment executes construction related to power generation units and electricity distribution networks. Electricity products segment manufactures, electric meters, transformers, electric joints, and market and trade the products. Geographically, it derives most of the revenue from Egypt.

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