Saudi Industrial Development Co (SAU:2130) ROCE % : -40.36% (As of Sep. 2024)

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What is Saudi Industrial Development 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. Saudi Industrial Development Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -40.36%.

Saudi Industrial Development Co ROCE % Historical Data

The historical data trend for Saudi Industrial Development 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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Saudi Industrial Development Co ROCE % Chart

Saudi Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.01

0.47

-8.20

-16.82

-42.80

Saudi Industrial Development Co 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															-21.59	-137.83	6.52	-22.37	-40.36

Saudi Industrial Development Co ROCE % Calculation

Saudi Industrial Development Co'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 )
	=	-68.846	/	( ( (276.36 - 81.573)	+	(206.1 - 79.195) )	/ 2 )
	=	-68.846	/	( (194.787	+	126.905)	/ 2 )
	=	-68.846	/	160.846
	=	-42.80 %

Saudi Industrial Development 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 )
	=	-42.612	/	( ( (194.096 - 86.21)	+	(174.444 - 71.173) )	/ 2 )
	=	-42.612	/	( ( 107.886	+	103.271 )	/ 2 )
	=	-42.612	/	105.5785
	=	-40.36 %

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

Saudi Industrial Development Co (SAU:2130) 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 Industrial Development Co ROCE % Related Terms

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Saudi Industrial Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Saudi Industrial Development Co (SAU:2130) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Mohammed Bin Abdulaziz Street, P.O. Box 12105, Al Faisaliah District, Jeddah, SAU, 21473

Website

https://www.sidc.com.sa

Saudi Industrial Development Co is engaged in the production of sanitary wares including (washing basins, showers, toilets, etc.), and the manufacture of sponge products. The company operates in the following sectors such as Mattress and sponge sector, includes the production and sale of sponges with various pressures and structures of mattresses, beds and all their accessories. Sanitary ware sector, includes the production and sale of sanitary ware, wall tiles, ceramic flooring and acrylic bathtubs. Transportations consist of transport goods and equipment. Financial investment in portfolio trading in the market and Other sectors. Mattresses and sponges generates key revenue for the company.

Saudi Industrial Development Co Headlines

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