National Co for Glass Industries (SAU:2150) ROCE % : 13.48% (As of Sep. 2024)

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What is National Co for Glass Industries 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. National Co for Glass Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.48%.

National Co for Glass Industries ROCE % Historical Data

The historical data trend for National Co for Glass Industries'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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National Co for Glass Industries ROCE % Chart

National Co for Glass Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.27

-0.78

9.40

16.88

7.92

National Co for Glass Industries 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															8.50	15.86	13.26	14.68	13.48

National Co for Glass Industries ROCE % Calculation

National Co for Glass Industries'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 )
	=	56.767	/	( ( (820.156 - 120.1)	+	(788.442 - 54.326) )	/ 2 )
	=	56.767	/	( (700.056	+	734.116)	/ 2 )
	=	56.767	/	717.086
	=	7.92 %

National Co for Glass Industries'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 )
	=	104.944	/	( ( (818.696 - 43.626)	+	(840.614 - 59.048) )	/ 2 )
	=	104.944	/	( ( 775.07	+	781.566 )	/ 2 )
	=	104.944	/	778.318
	=	13.48 %

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

National Co for Glass Industries (SAU:2150) 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.

National Co for Glass Industries ROCE % Related Terms

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National Co for Glass Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » National Co for Glass Industries (SAU:2150) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Po Box 41619, Riyadh, SAU, 11531

Website

https://www.zoujaj-glass.com

National Co for Glass Industries is a company whose principal activity is the manufacture and sale of returnable and non-returnable glass bottles and float glass. It owns two factories in Riyadh and Dammam. The company also invests in the flat glass industry through its associate companies.

National Co for Glass Industries Headlines

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