Baazeem Trading Co (SAU:4051) ROCE % : 12.42% (As of Sep. 2024)

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What is Baazeem Trading 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. Baazeem Trading Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.42%.

Baazeem Trading Co ROCE % Historical Data

The historical data trend for Baazeem Trading 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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Baazeem Trading Co ROCE % Chart

Baazeem Trading Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.30

16.70

14.37

13.23

13.06

Baazeem Trading 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															10.18	10.14	18.78	11.27	12.42

Baazeem Trading Co ROCE % Calculation

Baazeem Trading 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 )
	=	26.571	/	( ( (249.601 - 47.585)	+	(239.754 - 34.814) )	/ 2 )
	=	26.571	/	( (202.016	+	204.94)	/ 2 )
	=	26.571	/	203.478
	=	13.06 %

Baazeem Trading 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 )
	=	25.44	/	( ( (249.241 - 43.217)	+	(248.427 - 44.827) )	/ 2 )
	=	25.44	/	( ( 206.024	+	203.6 )	/ 2 )
	=	25.44	/	204.812
	=	12.42 %

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

Baazeem Trading Co (SAU:4051) 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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Baazeem Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Baazeem Trading Co (SAU:4051) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Faisal Street, Riyadh Al-Murabba District, PO Box 2156, Riyadh, SAU, 11451

Website

https://www.baazeem.com

Baazeem Trading Co is engaged in diversified businesses. Principally, the company is involved in the distribution of canned fish, household chemicals, baby supplies, personal care products and home furniture accessories and others. Also, it is involved in the wholesale of coffee and tea products, cosmetics and beauty soaps, food items and drinks, sale of tools and plastic materials, rubber, and industrial fibers. The company is also involved in the manufacturing of sanitary paper, napkins, cleaning wipes, tissue paper, towel rolls, and ready-made food packaging.

Baazeem Trading Co Headlines

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