Al-Babtain Power & Telecommunication Co (SAU:2320) ROCE % : 32.58% (As of Mar. 2024)

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What is Al-Babtain Power & Telecommunication 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. Al-Babtain Power & Telecommunication Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.58%.

Al-Babtain Power & Telecommunication Co ROCE % Historical Data

The historical data trend for Al-Babtain Power & Telecommunication 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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Al-Babtain Power & Telecommunication Co ROCE % Chart

Al-Babtain Power & Telecommunication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.91

14.76

8.51

10.97

19.75

Al-Babtain Power & Telecommunication Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.36	22.07	22.78	23.06	32.58

Al-Babtain Power & Telecommunication Co ROCE % Calculation

Al-Babtain Power & Telecommunication 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 )
	=	269.852	/	( ( (2798.438 - 1465.19)	+	(2928.239 - 1528.834) )	/ 2 )
	=	269.852	/	( (1333.248	+	1399.405)	/ 2 )
	=	269.852	/	1366.3265
	=	19.75 %

Al-Babtain Power & Telecommunication Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	464.344	/	( ( (2928.239 - 1528.834)	+	(2930.384 - 1479.267) )	/ 2 )
	=	464.344	/	( ( 1399.405	+	1451.117 )	/ 2 )
	=	464.344	/	1425.261
	=	32.58 %

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

Al-Babtain Power & Telecommunication Co (SAU:2320) 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.

Al-Babtain Power & Telecommunication Co ROCE % Related Terms

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Al-Babtain Power & Telecommunication Co (SAU:2320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Al-Babtain Power & Telecommunication Co (SAU:2320) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 88373, Al-Sulay District, Riyadh, SAU, 11662

Website

https://www.al-babtain.com.sa

Al-Babtain Power & Telecommunication Co provides solutions for power and telecommunications infrastructure. The company's activity involves establishing and repairing stations and towers of wired and wireless communication and radars. Its operating segment involves (i) the Towers and metal structures sector which includes the production of power transmission towers, galvanized communication towers and their tests, and galvanized steel structures. (ii) Poles and lighting which include the production and galvanization of electricity and lighting poles, masts, and their accessories. (iv) Design, supply, and installation sector which includes the work of supplying, installing, and maintaining communication systems. (v) Solar energy sector and (vi) Headquarters.

Al-Babtain Power & Telecommunication Co (SAU:2320) Headlines

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