Tanmiah Food Co (SAU:2281) ROCE % : 12.95% (As of Sep. 2024)

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What is Tanmiah Food 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. Tanmiah Food Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.95%.

Tanmiah Food Co ROCE % Historical Data

The historical data trend for Tanmiah Food 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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Tanmiah Food Co ROCE % Chart

Tanmiah Food Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

16.65

-0.07

11.59

10.42

Tanmiah Food Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											11.01	10.56	12.35	12.70	12.95

Tanmiah Food Co ROCE % Calculation

Tanmiah Food 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 )
	=	119.116	/	( ( (1800.583 - 746.801)	+	(2012.383 - 780.732) )	/ 2 )
	=	119.116	/	( (1053.782	+	1231.651)	/ 2 )
	=	119.116	/	1142.7165
	=	10.42 %

Tanmiah Food 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 )
	=	197.884	/	( ( (2299.733 - 881.39)	+	(2575.059 - 938.171) )	/ 2 )
	=	197.884	/	( ( 1418.343	+	1636.888 )	/ 2 )
	=	197.884	/	1527.6155
	=	12.95 %

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

Tanmiah Food Co (SAU:2281) 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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Tanmiah Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tanmiah Food Co (SAU:2281) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, Ar Rahmaniyah, Riyadh, SAU, 12341

Website

https://www.tanmiah.com

Tanmiah Food Co produces and markets ready-to-cook, ready-to-eat, and bespoke poultry, turkey, and beef products. Its Business is engaged in Food and Agriculture and the Construction of poultry farms. The Food and Agriculture business includes manufacturing, wholesale, and retail trading in foodstuff, and preparation of animal and poultry feeds for commercial purposes. It also undertakes the construction of poultry farms, retail and wholesale trading in poultry equipment, and restaurant outlets with related services. Geographically it operates in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, UAE, and other GCC countries out of which it earns key revenue from domestic sales.

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