Al Eid Food Co (KUW:ALEID) ROCE % : 14.15% (As of Mar. 2024)

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What is Al Eid Food 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. Al Eid Food Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.15%.

Al Eid Food Co ROCE % Historical Data

The historical data trend for Al Eid Food 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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Al Eid Food Co ROCE % Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.26

10.18

12.49

14.41

12.07

Al Eid Food Co 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															16.02	22.70	14.47	11.04	14.15

Al Eid Food Co ROCE % Calculation

Al Eid Food 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 )
	=	4.267	/	( ( (31.645 - 8.495)	+	(63.509 - 15.938) )	/ 2 )
	=	4.267	/	( (23.15	+	47.571)	/ 2 )
	=	4.267	/	35.3605
	=	12.07 %

Al Eid Food Co'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 )
	=	6.812	/	( ( (63.509 - 15.938)	+	(64.707 - 15.962) )	/ 2 )
	=	6.812	/	( ( 47.571	+	48.745 )	/ 2 )
	=	6.812	/	48.158
	=	14.15 %

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

Al Eid Food Co (KUW:ALEID) 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.

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Al Eid Food Co (KUW:ALEID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851

Website

https://www.aleidfoods.com

Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

Al Eid Food Co (KUW:ALEID) Headlines

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