Advanced Petrochemical Co (SAU:2330) ROCE % : 1.63% (As of Sep. 2024)

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What is Advanced Petrochemical 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. Advanced Petrochemical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.63%.

Advanced Petrochemical Co ROCE % Historical Data

The historical data trend for Advanced Petrochemical 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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Advanced Petrochemical Co ROCE % Chart

Advanced Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.36

17.91

22.59

5.73

2.11

Advanced Petrochemical 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															1.96	0.95	-2.20	1.57	1.63

Advanced Petrochemical Co ROCE % Calculation

Advanced Petrochemical 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 )
	=	179.094	/	( ( (8238.356 - 2157.64)	+	(11470.251 - 590.277) )	/ 2 )
	=	179.094	/	( (6080.716	+	10879.974)	/ 2 )
	=	179.094	/	8480.345
	=	2.11 %

Advanced Petrochemical 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 )
	=	187.72	/	( ( (11878.095 - 661.254)	+	(12516.457 - 690.899) )	/ 2 )
	=	187.72	/	( ( 11216.841	+	11825.558 )	/ 2 )
	=	187.72	/	11521.1995
	=	1.63 %

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

Advanced Petrochemical Co (SAU:2330) 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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Advanced Petrochemical Co Business Description

Industry

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Address

Jubail Industrial, P.O.Box 11022, Jubail, SAU, 31961

Website

https://advancedpetrochem.com

Advanced Petrochemical Co produces and sells polypropylene, polysilicon, and polysilicon downstream products that include Photovoltaic cells and Photovoltaic. The company invests in industrial projects including petrochemical, chemical, basic and conversion industries and industries relating to renewable energy domestically and outside the Kingdom of Saudi Arabia. Its business is spread across the Middle East and North Africa region. Its products manufacture various basic goods including personal care products, fresh food packaging, lightweight plastics, and various others.

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