Thob Al Aseel Co (SAU:4012) ROCE % : 8.66% (As of Dec. 2024)

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What is Thob Al Aseel 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. Thob Al Aseel Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.66%.

Thob Al Aseel Co ROCE % Historical Data

The historical data trend for Thob Al Aseel 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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Thob Al Aseel Co ROCE % Chart

Thob Al Aseel Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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17.96

13.53

12.99

16.76

16.82

Thob Al Aseel 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															12.57	31.25	21.10	6.30	8.66

Thob Al Aseel Co ROCE % Calculation

Thob Al Aseel 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 )
	=	103.598	/	( ( (697.782 - 89.104)	+	(739.476 - 116.396) )	/ 2 )
	=	103.598	/	( (608.678	+	623.08)	/ 2 )
	=	103.598	/	615.879
	=	16.82 %

Thob Al Aseel 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 )
	=	53.404	/	( ( (694.295 - 83.576)	+	(739.476 - 116.396) )	/ 2 )
	=	53.404	/	( ( 610.719	+	623.08 )	/ 2 )
	=	53.404	/	616.8995
	=	8.66 %

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

Thob Al Aseel Co (SAU:4012) 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.

Thob Al Aseel Co ROCE % Related Terms

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Thob Al Aseel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thob Al Aseel Co (SAU:4012) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, PO Box 310, Olaya District, Riyadh, SAU, 11411

Website

https://www.alaseel.com

Thob Al Aseel Co is engaged in the manufacturing, import, export, wholesale, and retail of textiles and readymade garments. The company offers thobs, pajamas, sleeping robes, and others. The segments of the company are Thobs and Fabrics. The thob segment generates maximum revenue.

Thob Al Aseel Co Headlines

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