Al-Baha Investment & Development Co (SAU:4130) ROCE % : 9.06% (As of Dec. 2023)

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What is Al-Baha Investment & Development 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. Al-Baha Investment & Development Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.06%.

Al-Baha Investment & Development Co ROCE % Historical Data

The historical data trend for Al-Baha Investment & Development 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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Al-Baha Investment & Development Co ROCE % Chart

Al-Baha Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.78

-15.33

-3.96

-1.31

4.49

Al-Baha Investment & Development Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.85	2.28	2.71	3.89	9.06

Al-Baha Investment & Development Co ROCE % Calculation

Al-Baha Investment & Development 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 )
	=	10.866	/	( ( (314.511 - 74.114)	+	(269.344 - 25.328) )	/ 2 )
	=	10.866	/	( (240.397	+	244.016)	/ 2 )
	=	10.866	/	242.2065
	=	4.49 %

Al-Baha Investment & Development Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	22.048	/	( ( (267.719 - 24.844)	+	(269.344 - 25.328) )	/ 2 )
	=	22.048	/	( ( 242.875	+	244.016 )	/ 2 )
	=	22.048	/	243.4455
	=	9.06 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Al-Baha Investment & Development Co (SAU:4130) 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.

Al-Baha Investment & Development Co ROCE % Related Terms

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Al-Baha Investment & Development Co (SAU:4130) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

King Fahd Road, P.O. Box 448, Al Bahah, SAU, 22888

Website

https://albahacompany.com

Al-Baha Investment & Development Co is engaged in establishing, managing, operating and maintaining the central markets, commercial and residential complexes, hotels, furnished apartments, restaurants, cafes, buffets, bakeries, sweets, cooked and uncooked subsistence services, fuels stations, wholesale and retail sale of food stuff and building materials and iron, general contracting of buildings, electrical, electronic and mechanical works, management, maintenance of real estate, maintenance contracting, operation, cleaning and purchase and renting lands for constructing buildings on them and investing them by sale or rent for the benefit of the company.

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