Zahrat Al Waha for Trading Co (SAU:3007) ROCE % : 10.79% (As of Mar. 2024)

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What is Zahrat Al Waha for Trading 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. Zahrat Al Waha for Trading Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.79%.

Zahrat Al Waha for Trading Co ROCE % Historical Data

The historical data trend for Zahrat Al Waha for Trading 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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Zahrat Al Waha for Trading Co ROCE % Chart

Zahrat Al Waha for Trading Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.93

18.65

24.88

10.16

16.57

Zahrat Al Waha for Trading 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															8.94	17.47	14.69	25.84	10.79

Zahrat Al Waha for Trading Co ROCE % Calculation

Zahrat Al Waha for Trading 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 )
	=	54.299	/	( ( (584.306 - 275.768)	+	(607.433 - 260.61) )	/ 2 )
	=	54.299	/	( (308.538	+	346.823)	/ 2 )
	=	54.299	/	327.6805
	=	16.57 %

Zahrat Al Waha for Trading 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 )
	=	37.56	/	( ( (607.433 - 260.61)	+	(616.319 - 266.731) )	/ 2 )
	=	37.56	/	( ( 346.823	+	349.588 )	/ 2 )
	=	37.56	/	348.2055
	=	10.79 %

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

Zahrat Al Waha for Trading Co (SAU:3007) 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.

Zahrat Al Waha for Trading Co ROCE % Related Terms

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Zahrat Al Waha for Trading Co (SAU:3007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zahrat Al Waha for Trading Co (SAU:3007) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Rabwa, Al Ihsa Street, P.O. Box 2980, Unit no 1, Building 7449, Riyadh, SAU, 12814

Website

http://www.zaoasis.com

Zahrat Al Waha for Trading Co is a producer of PET preform and HDPE closure (caps) products. The principal activities of the company include the manufacture of semi-finished products from plastics, the manufacture of cans and boxes from plastics, the manufacture of bottles of various forms from plastics, the manufacture of products from plastics using the Roto mold method. The company operates in two segments namely the plastic bottles preforms which includes manufacturing and selling of plastic preforms and the plastic caps which includes manufacturing and selling of plastic caps.

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