United Wire Factories Co (SAU:1301) ROCE % : 5.91% (As of Sep. 2024)

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What is United Wire Factories 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. United Wire Factories Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.91%.

United Wire Factories Co ROCE % Historical Data

The historical data trend for United Wire Factories 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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United Wire Factories Co ROCE % Chart

United Wire Factories Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.07

5.85

16.33

11.07

14.96

United Wire Factories Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.46	3.84	6.84	5.55	5.91

United Wire Factories Co ROCE % Calculation

United Wire Factories Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	68.428	/	( ( (499.827 - 45.924)	+	(574.641 - 114.026) )	/ 2 )
	=	68.428	/	( (453.903	+	460.615)	/ 2 )
	=	68.428	/	457.259
	=	14.96 %

United Wire Factories Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	23.332	/	( ( (497.373 - 104.467)	+	(477.148 - 80.013) )	/ 2 )
	=	23.332	/	( ( 392.906	+	397.135 )	/ 2 )
	=	23.332	/	395.0205
	=	5.91 %

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

United Wire Factories Co (SAU:1301) 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.

United Wire Factories Co ROCE % Related Terms

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United Wire Factories Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » United Wire Factories Co (SAU:1301) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Kharj Road, Second Industrial Area, P.O. Box 355208, Riyadh, SAU, 11383

Website

https://www.unitedwires.com.sa

United Wire Factories Co is engaged in the manufacturing of metal wires and other construction-related products. The company operates in two segments: Construction and Civil. The vast majority of its revenue comes from the construction sector, which includes rebar activities, floor gratings, spikes, fence nets, barbed wire, and wire mesh. Some of its products include Steel Rebar, Concertina Wires, Welded Wires Mesh, Cloth Hangers, wood, Fence, Nails, Block Ladder Mesh, Galvanized Wire, and PVC Coated Wires.

United Wire Factories Co Headlines

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