Saudi Manpower Solutions Co (SMASCO) (SAU:1834) ROCE % : 17.55% (As of Sep. 2024)

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What is Saudi Manpower Solutions Co (SMASCO) 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 Manpower Solutions Co (SMASCO)'s annualized ROCE % for the quarter that ended in Sep. 2024 was 17.55%.

Saudi Manpower Solutions Co (SMASCO) ROCE % Historical Data

The historical data trend for Saudi Manpower Solutions Co (SMASCO)'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 Manpower Solutions Co (SMASCO) ROCE % Chart

Saudi Manpower Solutions Co (SMASCO) Annual Data

Trend

ROCE %

Saudi Manpower Solutions Co (SMASCO) Quarterly Data
	Jun23	Sep23	Jun24	Sep24
ROCE %	-	-	20.71	17.55

Saudi Manpower Solutions Co (SMASCO) ROCE % Calculation

Saudi Manpower Solutions Co (SMASCO)'s annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Saudi Manpower Solutions Co (SMASCO)'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 )
	=	135.416	/	( ( (1109.355 - 322.866)	+	(1106.188 - 349.45) )	/ 2 )
	=	135.416	/	( ( 786.489	+	756.738 )	/ 2 )
	=	135.416	/	771.6135
	=	17.55 %

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

Saudi Manpower Solutions Co (SMASCO) (SAU:1834) 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 Manpower Solutions Co (SMASCO) ROCE % Related Terms

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Saudi Manpower Solutions Co (SMASCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Saudi Manpower Solutions Co (SMASCO) (SAU:1834) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6527 Al Olaya Street, P.O. Box 91279, Al Ghadeer District, Riyadh, SAU, 13311

Website

https://www.smasco.com

Saudi Manpower Solutions Co (SMASCO) is a Company whose main activities is temporary employment agency services for home services and temporary employment agency services for foreign labour. It has distinguished itself in the manpower industry by offering a comprehensive suite of services tailored to corporate clients. These services are designed to address the demands of various sectors, encompass everything from basic manpower provision to total manpower solutions.

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