Tabuk Cement Co (SAU:3090) ROCE % : 7.43% (As of Sep. 2024)

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What is Tabuk 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. Tabuk Cement Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.43%.

Tabuk Cement Co ROCE % Historical Data

The historical data trend for Tabuk 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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Tabuk Cement Co ROCE % Chart

Tabuk Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.11

4.67

1.93

2.15

2.17

Tabuk Cement 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															-0.25	-1.16	5.47	9.74	7.43

Tabuk Cement Co ROCE % Calculation

Tabuk 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 )
	=	31.103	/	( ( (1676.65 - 220.433)	+	(1643.656 - 233.666) )	/ 2 )
	=	31.103	/	( (1456.217	+	1409.99)	/ 2 )
	=	31.103	/	1433.1035
	=	2.17 %

Tabuk Cement 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 )
	=	103.844	/	( ( (1660.655 - 266.551)	+	(1639.12 - 239.223) )	/ 2 )
	=	103.844	/	( ( 1394.104	+	1399.897 )	/ 2 )
	=	103.844	/	1397.0005
	=	7.43 %

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

Tabuk Cement Co (SAU:3090) 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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Tabuk Cement Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tabuk Cement Co (SAU:3090) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tabuk Cement Building, Tabuk Area, P.O.Box 122, Duba North, Tabuk, SAU

Website

http://www.tcc-sa.com

Tabuk Cement Co engages in the production and sale of cement and related products in Saudi Arabia. It offers ordinary Portland cement, cement resistant to sulfur salts, and butlanda bozzolana cement, as well as Portland bosolani cement. The company also engages in the establishment of factories and plants for manufacturing cement related products and construction materials; and export of cement and related products. The company has one segment which is packaged and unpackaged cement.

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