Lazurde Company for Jewelry (SAU:4011) ROCE % : 6.41% (As of Sep. 2024)

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What is Lazurde Company for Jewelry 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. Lazurde Company for Jewelry's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.41%.

Lazurde Company for Jewelry ROCE % Historical Data

The historical data trend for Lazurde Company for Jewelry'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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Lazurde Company for Jewelry ROCE % Chart

Lazurde Company for Jewelry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.44

-20.79

9.55

11.97

11.79

Lazurde Company for Jewelry 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															34.77	-26.04	42.86	15.78	6.41

Lazurde Company for Jewelry ROCE % Calculation

Lazurde Company for Jewelry'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 )
	=	50.855	/	( ( (1682.233 - 1239.076)	+	(1749.328 - 1330.098) )	/ 2 )
	=	50.855	/	( (443.157	+	419.23)	/ 2 )
	=	50.855	/	431.1935
	=	11.79 %

Lazurde Company for Jewelry'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 )
	=	23.06	/	( ( (1773.405 - 1411.128)	+	(1896.598 - 1539.634) )	/ 2 )
	=	23.06	/	( ( 362.277	+	356.964 )	/ 2 )
	=	23.06	/	359.6205
	=	6.41 %

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

Lazurde Company for Jewelry (SAU:4011) 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.

Lazurde Company for Jewelry ROCE % Related Terms

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Lazurde Company for Jewelry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lazurde Company for Jewelry (SAU:4011) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Masaref Street 198, L‘azurde Jewelry, P.O. Box 41270, Banks District, Riyadh, SAU, 11521

Website

https://www.lazurde.com

Lazurde Company for Jewelry is a jewelry manufacturing company. It is engaged in the production, manufacturing, forming, and forging of golden wares, jewelry, precious stones, and golden alloys. The group has a business presence in the Kingdom of Saudi Arabia, Egypt, Qatar, Oman and the UAE. Its offers gold, diamond and silver products in the form of Necklaces, Bracelets, Rings, and Earrings, among others. It is organised into Wholesale and Retail business segments, of which key revenue is derived from the Wholesale segment.

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