East Pipes Integrated Co for Industry (SAU:1321) ROCE % : 97.13% (As of Mar. 2024)

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What is East Pipes Integrated Co for Industry 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. East Pipes Integrated Co for Industry's annualized ROCE % for the quarter that ended in Mar. 2024 was 97.13%.

East Pipes Integrated Co for Industry ROCE % Historical Data

The historical data trend for East Pipes Integrated Co for Industry'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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East Pipes Integrated Co for Industry ROCE % Chart

East Pipes Integrated Co for Industry Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

36.83

2.70

22.61

39.93

East Pipes Integrated Co for Industry Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								31.27	-7.47	17.97	63.23	97.13

East Pipes Integrated Co for Industry ROCE % Calculation

East Pipes Integrated Co for Industry's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	326.126	/	( ( (987.317 - 340.054)	+	(1486.808 - 500.749) )	/ 2 )
	=	326.126	/	( (647.263	+	986.059)	/ 2 )
	=	326.126	/	816.661
	=	39.93 %

East Pipes Integrated Co for Industry'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 )
	=	821.628	/	( ( (1740.05 - 1034.28)	+	(1486.808 - 500.749) )	/ 2 )
	=	821.628	/	( ( 705.77	+	986.059 )	/ 2 )
	=	821.628	/	845.9145
	=	97.13 %

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

East Pipes Integrated Co for Industry (SAU:1321) 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.

East Pipes Integrated Co for Industry ROCE % Related Terms

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East Pipes Integrated Co for Industry (SAU:1321) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » East Pipes Integrated Co for Industry (SAU:1321) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street No 89, 2nd Industrial City, P.O Box 12943, P. Code 31483, Dammam, SAU

Website

https://www.eastpipes.com

East Pipes Integrated Co for Industry is engaged in the manufacturing of Helical Submerged Arc Welded (HSAW) pipes. It produces pipes that transport Water, Oil, and Gas, according to a wide range of diameters of spiral pipes. The firm provides coating services on pipes provided by the customers and generates revenue from the same. The business operating assets of the firm are located in the Kingdom of Saudi Arabia.

East Pipes Integrated Co for Industry (SAU:1321) Headlines

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