Saudi Vitrified Clay Pipes Co (SAU:2360) ROCE % : -11.14% (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Saudi Vitrified Clay 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. Saudi Vitrified Clay Pipes Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -11.14%.

Saudi Vitrified Clay Pipes Co ROCE % Historical Data

The historical data trend for Saudi Vitrified Clay 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.

* Premium members only.

Saudi Vitrified Clay Pipes Co ROCE % Chart

Saudi Vitrified Clay Pipes Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

3.91

4.42

0.18

-1.77

-21.27

Saudi Vitrified Clay Pipes 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															-3.08	-0.35	-4.19	-77.97	-11.14

Saudi Vitrified Clay Pipes Co ROCE % Calculation

Saudi Vitrified Clay Pipes 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 )
	=	-54.342	/	( ( (299.426 - 14.652)	+	(238.192 - 12.056) )	/ 2 )
	=	-54.342	/	( (284.774	+	226.136)	/ 2 )
	=	-54.342	/	255.455
	=	-21.27 %

Saudi Vitrified Clay Pipes 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 )
	=	-25.436	/	( ( (238.192 - 12.056)	+	(253.717 - 23.041) )	/ 2 )
	=	-25.436	/	( ( 226.136	+	230.676 )	/ 2 )
	=	-25.436	/	228.406
	=	-11.14 %

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

Saudi Vitrified Clay Pipes Co (SAU:2360) 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 Vitrified Clay Pipes Co ROCE % Related Terms

Thank you for viewing the detailed overview of Saudi Vitrified Clay Pipes Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Saudi Vitrified Clay Pipes Co (SAU:2360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Saudi Vitrified Clay Pipes Co (SAU:2360) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Aqaria Siteen - Al Malaz, P.O.Box 6415, Riyadh, SAU, 11442

Website

http://www.svcp-sa.com

Saudi Vitrified Clay Pipes Co is engaged in the manufacturing and sale of clay pipes and fittings in the Kingdom of Saudi Arabia and internationally. The company's product categories include Pipes with jointing system (F) and (C); Perforated Pipes; Flexible joints and Connectors for manhole; Junctions; Bends with jointing system (F) and (C); Special Fittings and Accessories.

Saudi Vitrified Clay Pipes Co (SAU:2360) Headlines

No Headlines