Saudi Arabian Amiantit Co (SAU:2160) ROCE % : 9.53% (As of Sep. 2024)

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What is Saudi Arabian Amiantit 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 Arabian Amiantit Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.53%.

Saudi Arabian Amiantit Co ROCE % Historical Data

The historical data trend for Saudi Arabian Amiantit 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 Arabian Amiantit Co ROCE % Chart

Saudi Arabian Amiantit Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-37.66

-49.89

-20.60

3.14

-5.36

Saudi Arabian Amiantit 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															6.09	-64.95	249.36	8.35	9.53

Saudi Arabian Amiantit Co ROCE % Calculation

Saudi Arabian Amiantit 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 )
	=	-27.012	/	( ( (2282.063 - 1695.451)	+	(2309.89 - 1887.996) )	/ 2 )
	=	-27.012	/	( (586.612	+	421.894)	/ 2 )
	=	-27.012	/	504.253
	=	-5.36 %

Saudi Arabian Amiantit 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 )
	=	113.56	/	( ( (2129.401 - 954.072)	+	(2156.442 - 948.026) )	/ 2 )
	=	113.56	/	( ( 1175.329	+	1208.416 )	/ 2 )
	=	113.56	/	1191.8725
	=	9.53 %

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

Saudi Arabian Amiantit Co (SAU:2160) 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 Arabian Amiantit Co ROCE % Related Terms

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Saudi Arabian Amiantit Co Business Description

Industry

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Traded in Other Exchanges

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Address

Industrial Area No.1, Building No. 101, Dammam, SAU, 32234

Website

https://www.amiantit.com

Saudi Arabian Amiantit Co is engaged in the operation of pipes and its related products. It serves two market segments; Pipe manufacturing and technology and Water management. The group's core business activities comprise of manufacturing of various pipe systems, developing and licensing of related pipe technologies and offering water solutions, a provider of water management consultancy and engineering operations. Geographically the business of the firm is expanded across Saudi Arabia, Europe and in other regions. It derives maximum revenue from Saudi Arabia.

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