Riyadh Cement Co (SAU:3092) ROCE % : 18.42% (As of Dec. 2024)

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What is Riyadh 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. Riyadh Cement Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 18.42%.

Riyadh Cement Co ROCE % Historical Data

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

Riyadh Cement Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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13.09

13.60

11.86

11.88

17.09

Riyadh Cement Co Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial											10.77	17.11	16.29	17.34	18.42

Riyadh Cement Co ROCE % Calculation

Riyadh Cement Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	301.31	/	( ( (1838.508 - 125.988)	+	(1970.47 - 155.974) )	/ 2 )
	=	301.31	/	( (1712.52	+	1814.496)	/ 2 )
	=	301.31	/	1763.508
	=	17.09 %

Riyadh Cement Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	326.752	/	( ( (1844.431 - 111.258)	+	(1970.47 - 155.974) )	/ 2 )
	=	326.752	/	( ( 1733.173	+	1814.496 )	/ 2 )
	=	326.752	/	1773.8345
	=	18.42 %

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

Riyadh Cement Co (SAU:3092) 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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Riyadh Cement Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Riyadh Cement Co (SAU:3092) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

AL Imam Saud bin Abdul Aziz bin Mohammad Road, PO Box 250002, Riyadh, SAU, 11391

Website

https://riyadhcement.com.sa

Riyadh Cement Co is engaged in the production and selling of cement. The company manufactures cement, white cement, gray cement, clinker, portland cement, and other materials.

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