Scientific and Medical Equipment House Co (SAU:4014) ROCE % : 14.19% (As of Sep. 2024)

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What is Scientific and Medical Equipment House 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. Scientific and Medical Equipment House Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.19%.

Scientific and Medical Equipment House Co ROCE % Historical Data

The historical data trend for Scientific and Medical Equipment House 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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Scientific and Medical Equipment House Co ROCE % Chart

Scientific and Medical Equipment House Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.10

21.13

19.18

8.89

14.08

Scientific and Medical Equipment House Co Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														20.16	16.52	13.33	11.31	14.19

Scientific and Medical Equipment House Co ROCE % Calculation

Scientific and Medical Equipment House 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 )
	=	80.769	/	( ( (931.033 - 378.513)	+	(1104.043 - 509.353) )	/ 2 )
	=	80.769	/	( (552.52	+	594.69)	/ 2 )
	=	80.769	/	573.605
	=	14.08 %

Scientific and Medical Equipment House 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 )
	=	87.756	/	( ( (1033.661 - 421.826)	+	(997.867 - 372.957) )	/ 2 )
	=	87.756	/	( ( 611.835	+	624.91 )	/ 2 )
	=	87.756	/	618.3725
	=	14.19 %

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

Scientific and Medical Equipment House Co (SAU:4014) 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.

Scientific and Medical Equipment House Co ROCE % Related Terms

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Scientific and Medical Equipment House Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scientific and Medical Equipment House Co (SAU:4014) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad service Road, P.O. Box 1584, Al-Mutammarat District, Riyadh, SAU, 12711

Website

https://www.smeh.com.sa

Scientific and Medical Equipment House Co is engaged in general contracting of buildings, roads, and bridges, maintaining, cleaning, managing, and operating medical centers, maintenance of scientific and medical equipment, wholesale and retail trade in medical, laboratorial, and scientific equipment and its accessories, import and export services, and catering services among others. The company's reportable segments are; Operation and maintenance, Medical equipment sales and post-sale maintenance services revenue, Construction segment, Meat and food segment, and Medicine and medical supplies. A majority of its revenue is generated from the Operation and maintenance segment which deals with the supply of medical and non-medical staff and medical equipment maintenance services.

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