Electrical Industries Co (SAU:1303) ROCE % : 38.57% (As of Dec. 2024)

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What is Electrical Industries 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. Electrical Industries Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 38.57%.

Electrical Industries Co ROCE % Historical Data

The historical data trend for Electrical Industries 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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Electrical Industries Co ROCE % Chart

Electrical Industries Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.24

10.07

17.11

32.18

45.61

Electrical Industries Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															36.00	45.80	49.21	55.81	38.57

Electrical Industries Co ROCE % Calculation

Electrical Industries Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	445.519	/	( ( (1895.923 - 1026.051)	+	(1950.988 - 867.166) )	/ 2 )
	=	445.519	/	( (869.872	+	1083.822)	/ 2 )
	=	445.519	/	976.847
	=	45.61 %

Electrical Industries Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	397.012	/	( ( (2132.25 - 1157.639)	+	(1950.988 - 867.166) )	/ 2 )
	=	397.012	/	( ( 974.611	+	1083.822 )	/ 2 )
	=	397.012	/	1029.2165
	=	38.57 %

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

Electrical Industries Co (SAU:1303) 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.

Electrical Industries Co ROCE % Related Terms

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Electrical Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electrical Industries Co (SAU:1303) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Industrial City of Dammam, P.O. Box 6033, Dammam, SAU, 31442

Website

https://www.eic.com.sa

Electrical Industries Co is engaged in producing electrical products and equipment. The company operates in two reportable segments namely Manufacturing, assembly and supply of various types of electrical equipment; and Provision of technical services. Its product portfolio includes Transformers, Cable Management System, Low, Medium and High Voltage Equipment and Industrial Services.

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