Saudi Tadawul Group Holding Co (SAU:1111) ROCE % : 23.99% (As of Mar. 2024)

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What is Saudi Tadawul Group Holding 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 Tadawul Group Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.99%.

Saudi Tadawul Group Holding Co ROCE % Historical Data

The historical data trend for Saudi Tadawul Group Holding 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 Tadawul Group Holding Co ROCE % Chart

Saudi Tadawul Group Holding Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

15.66

18.93

15.27

12.81

Saudi Tadawul Group Holding Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									12.88	13.58	13.37	10.76	23.99

Saudi Tadawul Group Holding Co ROCE % Calculation

Saudi Tadawul Group Holding 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 )
	=	437.167	/	( ( (7690.047 - 4430.796)	+	(7636.904 - 4069.303) )	/ 2 )
	=	437.167	/	( (3259.251	+	3567.601)	/ 2 )
	=	437.167	/	3413.426
	=	12.81 %

Saudi Tadawul Group Holding 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 )
	=	880.12	/	( ( (7636.904 - 4069.303)	+	(9328.108 - 5559.296) )	/ 2 )
	=	880.12	/	( ( 3567.601	+	3768.812 )	/ 2 )
	=	880.12	/	3668.2065
	=	23.99 %

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

Saudi Tadawul Group Holding Co (SAU:1111) 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 Tadawul Group Holding Co ROCE % Related Terms

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Saudi Tadawul Group Holding Co (SAU:1111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Saudi Tadawul Group Holding Co (SAU:1111) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6897 King Fahd Road - Al Olaya, Unit Number: 15, Riyadh, SAU, 12211-3388

Website

https://www.tadawulgroup.sa

Saudi Tadawul Group Holding Co provides trading, clearing, and settlement services in securities in the Kingdom of Saudi Arabia. It also provides services related to innovation in technology. The company's segment includes Capital Markets; Post Trade; Data and Technology Services and Corporate. It generates maximum revenue from the Post Trade segment.

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