National Shipping Company ofudi Arabia (SAU:4030) ROCE % : 13.75% (As of Sep. 2024)

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What is National Shipping Company ofudi Arabia 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. National Shipping Company ofudi Arabia's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.75%.

National Shipping Company ofudi Arabia ROCE % Historical Data

The historical data trend for National Shipping Company ofudi Arabia'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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National Shipping Company ofudi Arabia ROCE % Chart

National Shipping Company ofudi Arabia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.06

10.59

2.72

9.00

12.39

National Shipping Company ofudi Arabia 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															8.73	12.26	13.51	18.47	13.75

National Shipping Company ofudi Arabia ROCE % Calculation

National Shipping Company ofudi Arabia'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 )
	=	2500.821	/	( ( (22898.097 - 2819.694)	+	(23106.245 - 2800.512) )	/ 2 )
	=	2500.821	/	( (20078.403	+	20305.733)	/ 2 )
	=	2500.821	/	20192.068
	=	12.39 %

National Shipping Company ofudi Arabia'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 )
	=	3007.704	/	( ( (25217.34 - 3489.288)	+	(24964.684 - 2945.906) )	/ 2 )
	=	3007.704	/	( ( 21728.052	+	22018.778 )	/ 2 )
	=	3007.704	/	21873.415
	=	13.75 %

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

National Shipping Company ofudi Arabia (SAU:4030) 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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National Shipping Company ofudi Arabia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » National Shipping Company of Saudi Arabia (SAU:4030) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, P.O. Box 8931, 12th - 15th Floor, Olaya District, Riyadh, SAU, 12213

Website

https://www.bahri.sa

National Shipping Company of Saudi Arabia engaged in purchasing, selling and operating vessels for the coordination of transport & storage on board vessels, transportation of cargo, cargo clearance, agencies for maritime shipping companies and all marine transport activities. The Group performs its operations through four segments which are Transportation of oil, Transportation of chemicals, Logistics and Transportation of dry bulk. The company earns maximum revenue from the Transportation of oil.

National Shipping Company ofudi Arabia Headlines

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