Middle East Healthcare Co (SAU:4009) ROCE % : 15.93% (As of Dec. 2024)

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What is Middle East Healthcare 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. Middle East Healthcare Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.93%.

Middle East Healthcare Co ROCE % Historical Data

The historical data trend for Middle East Healthcare 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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Middle East Healthcare Co ROCE % Chart

Middle East Healthcare Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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4.91

2.42

5.49

11.73

15.47

Middle East Healthcare Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															10.37	14.72	13.17	12.24	15.93

Middle East Healthcare Co ROCE % Calculation

Middle East Healthcare 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 )
	=	530.751	/	( ( (5134.618 - 2135.224)	+	(5125.314 - 1261.901) )	/ 2 )
	=	530.751	/	( (2999.394	+	3863.413)	/ 2 )
	=	530.751	/	3431.4035
	=	15.47 %

Middle East Healthcare 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 )
	=	616.98	/	( ( (5161.985 - 1276.971)	+	(5125.314 - 1261.901) )	/ 2 )
	=	616.98	/	( ( 3885.014	+	3863.413 )	/ 2 )
	=	616.98	/	3874.2135
	=	15.93 %

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

Middle East Healthcare Co (SAU:4009) 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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Middle East Healthcare Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Middle East Healthcare Co (SAU:4009) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

4, Batterjee Road, P.O.Box 2550, Al-Zahra District, Jeddah, SAU, 21461

Website

https://www.saudigermanhealth.com

Middle East Healthcare Co is a Saudi Arabia-based company engaged in the business of managing, operating and maintaining hospitals, medical centers, educational centers, rehabilitation centers, physiotherapy, laboratories and radiology centers, pharmacies, construction, and to buy land for the purpose of constructing medical projects and to establish, manage and organize exhibitions for the company.

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