Arabian Pipes Co (SAU:2200) ROCE % : 25.71% (As of Dec. 2024)

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What is Arabian Pipes 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. Arabian Pipes Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 25.71%.

Arabian Pipes Co ROCE % Historical Data

The historical data trend for Arabian Pipes 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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Arabian Pipes Co ROCE % Chart

Arabian Pipes Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-56.27

-23.99

5.44

74.72

58.97

Arabian Pipes Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															73.92	85.55	76.27	57.56	25.71

Arabian Pipes Co ROCE % Calculation

Arabian Pipes Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	235.328	/	( ( (907.713 - 608.892)	+	(931.579 - 432.242) )	/ 2 )
	=	235.328	/	( (298.821	+	499.337)	/ 2 )
	=	235.328	/	399.079
	=	58.97 %

Arabian Pipes Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	120.568	/	( ( (1012.291 - 573.701)	+	(931.579 - 432.242) )	/ 2 )
	=	120.568	/	( ( 438.59	+	499.337 )	/ 2 )
	=	120.568	/	468.9635
	=	25.71 %

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

Arabian Pipes Co (SAU:2200) 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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Arabian Pipes Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Arabian Pipes Co (SAU:2200) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Riyadh Third Industrial City, P.O. Box 42734, Riyadh, SAU, 11551

Website

http://www.arabian-pipes.com

Arabian Pipes Co is engaged in the production and marketing of longitudinally welded steel pipes for pipelines and for construction and commercial purposes. Its other activities include bending, shaping, and threading pipes from the outside and inside, carrying out commercial business such as selling and buying pipes, and their accessories, carrying out pipeline extension works, manufacturing pipes, hoses, plastic pipes, their connections and accessories, and manufacturing hollow iron and steel.

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