Saudi Ground Services Co (SAU:4031) ROCE % : 12.07% (As of Sep. 2024)

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What is Saudi Ground Services 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. Saudi Ground Services Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.07%.

Saudi Ground Services Co ROCE % Historical Data

The historical data trend for Saudi Ground Services 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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Saudi Ground Services Co ROCE % Chart

Saudi Ground Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.26

-11.52

-5.35

-1.43

9.66

Saudi Ground Services Co 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															11.39	10.86	12.01	11.78	12.07

Saudi Ground Services Co ROCE % Calculation

Saudi Ground Services 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 )
	=	300.586	/	( ( (4370.583 - 1191.379)	+	(4231.465 - 1190.451) )	/ 2 )
	=	300.586	/	( (3179.204	+	3041.014)	/ 2 )
	=	300.586	/	3110.109
	=	9.66 %

Saudi Ground Services 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 )
	=	373.268	/	( ( (4260.947 - 1122.444)	+	(4248.545 - 1201.346) )	/ 2 )
	=	373.268	/	( ( 3138.503	+	3047.199 )	/ 2 )
	=	373.268	/	3092.851
	=	12.07 %

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

Saudi Ground Services Co (SAU:4031) 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.

Saudi Ground Services Co ROCE % Related Terms

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Saudi Ground Services Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Saudi Ground Services Co (SAU:4031) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdul Aziz Road, Al Yasamin Commercial Center, P.O.Box:48154, Al-Basatin district, Jeddah, SAU, 21572

Website

https://www.saudiags.com

Saudi Ground Services Co provides ground management services to airline customers. The company is engaged in providing aircraft cleaning, passenger handling, fuel, baggage, and ground handling services to Saudi Arabian Airlines as well as other local and foreign airlines.

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