Eastern Province Cement Co (SAU:3080) ROCE % : 12.24% (As of Mar. 2024)

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What is Eastern Province Cement 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. Eastern Province Cement Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.24%.

Eastern Province Cement Co ROCE % Historical Data

The historical data trend for Eastern Province Cement 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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Eastern Province Cement Co ROCE % Chart

Eastern Province Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.39

9.66

8.89

6.77

9.03

Eastern Province Cement 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															10.25	9.51	7.65	8.85	12.24

Eastern Province Cement Co ROCE % Calculation

Eastern Province Cement 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 )
	=	226.502	/	( ( (2851.35 - 361.27)	+	(2846.531 - 319.914) )	/ 2 )
	=	226.502	/	( (2490.08	+	2526.617)	/ 2 )
	=	226.502	/	2508.3485
	=	9.03 %

Eastern Province Cement 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 )
	=	308.128	/	( ( (2846.531 - 319.914)	+	(2915.387 - 408.76) )	/ 2 )
	=	308.128	/	( ( 2526.617	+	2506.627 )	/ 2 )
	=	308.128	/	2516.622
	=	12.24 %

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

Eastern Province Cement Co (SAU:3080) 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.

Eastern Province Cement Co ROCE % Related Terms

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Eastern Province Cement Co (SAU:3080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Eastern Province Cement Co (SAU:3080) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road (Dammam - Khobar Highway), P.O. Box 4536, Dammam, SAU, 31412

Website

https://www.epcco.com.sa

Eastern Province Cement Co is engaged in producing different kinds of Building materials. It operates in two segments: Cement, which is into manufacturing and wholesale of ordinary cement, salt-resistant cement, and clinker cement; and Precast segment is into manufacturing of partitions, frames & prefabricated bui8ldings from prefabricated concrete. The cement segment accounts for the majority revenue of the company. Geographically it generates nearly all of its revenue from Saudi Arabia.

Eastern Province Cement Co (SAU:3080) Headlines

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