Takween Advanced Industries (SAU:1201) ROCE % : 11.31% (As of Mar. 2024)

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What is Takween Advanced Industries 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. Takween Advanced Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.31%.

Takween Advanced Industries ROCE % Historical Data

The historical data trend for Takween Advanced Industries'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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Takween Advanced Industries ROCE % Chart

Takween Advanced Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.66

-3.86

-1.90

-18.82

-39.50

Takween Advanced Industries 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															-8.73	-10.69	-12.84	-141.93	11.31

Takween Advanced Industries ROCE % Calculation

Takween Advanced Industries'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 )
	=	-162.19	/	( ( (1651.656 - 1103.848)	+	(1304.4 - 1030.898) )	/ 2 )
	=	-162.19	/	( (547.808	+	273.502)	/ 2 )
	=	-162.19	/	410.655
	=	-39.50 %

Takween Advanced Industries'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 )
	=	45.588	/	( ( (1304.4 - 1030.898)	+	(1346.158 - 813.494) )	/ 2 )
	=	45.588	/	( ( 273.502	+	532.664 )	/ 2 )
	=	45.588	/	403.083
	=	11.31 %

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

Takween Advanced Industries (SAU:1201) 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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Takween Advanced Industries (SAU:1201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Takween Advanced Industries (SAU:1201) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Saud Road, 16th Floor, Al Othman Office Towers, P.O. Box 2500, Al-Khobar, SAU, 31952

Website

http://www.takweenai.com

Takween Advanced Industries is an industrial investment company. The company is engaged in the manufacturing and sale of plastic products to a variety of industrial sectors, such as the dairy, foods, juices, and soft drinks industries. The group operates in the business segments namely, Disposable polystyrene cups, lids and other plastic-related products, and Non-woven fabrics. The products of the company include packing products of polystyrene sheet rolls, thermoformed polystyrene cups and lids, polyethylene bottles, and others. It sells its non-woven fabrics to the medical and health sectors. The company generates the majority of its revenue from the plastic products sector.

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