Saudi Pharmaceutical Industries & Medical Appliances (SAU:2070) ROCE % : 6.76% (As of Sep. 2024)

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What is Saudi Pharmaceutical Industries & Medical Appliances 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 Pharmaceutical Industries & Medical Appliances's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.76%.

Saudi Pharmaceutical Industries & Medical Appliances ROCE % Historical Data

The historical data trend for Saudi Pharmaceutical Industries & Medical Appliances'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 Pharmaceutical Industries & Medical Appliances ROCE % Chart

Saudi Pharmaceutical Industries & Medical Appliances Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.15

6.14

2.21

-3.72

3.74

Saudi Pharmaceutical Industries & Medical Appliances Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.02	-0.82	9.53	6.68	6.76

Saudi Pharmaceutical Industries & Medical Appliances ROCE % Calculation

Saudi Pharmaceutical Industries & Medical Appliances'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 )
	=	95.418	/	( ( (3831.752 - 1348.824)	+	(4023.861 - 1404.626) )	/ 2 )
	=	95.418	/	( (2482.928	+	2619.235)	/ 2 )
	=	95.418	/	2551.0815
	=	3.74 %

Saudi Pharmaceutical Industries & Medical Appliances'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 )
	=	168.26	/	( ( (4412.758 - 1904.192)	+	(4467.285 - 1999.34) )	/ 2 )
	=	168.26	/	( ( 2508.566	+	2467.945 )	/ 2 )
	=	168.26	/	2488.2555
	=	6.76 %

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

Saudi Pharmaceutical Industries & Medical Appliances (SAU:2070) 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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Saudi Pharmaceutical Industries & Medical Appliances Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Saudi Pharmaceutical Industries & Medical Appliances Corp (SAU:2070) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdul Aziz Road, Industrial City of Al-Qassim, Buraidah, Riyadh, SAU

Website

https://www.spimaco.com.sa

Saudi Pharmaceutical Industries & Medical Appliances Corp is involved in the manufacturing of basic chemical substances and products; medicines for human use, including cosmetics; pharmaceutical production and wholesale and retail of medicines and related products; development and marketing of medicinal and pharmaceutical products; research and development in medical science activities; operating and maintaining the healthcare facilities and any investments in related industries. Its geographical segments are Saudi Arabia, Egypt, the Middle East, Morocco and Algeria.

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