Riyadh Cables Group Co (SAU:4142) ROCE % : 42.13% (As of Sep. 2024)

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What is Riyadh Cables Group 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. Riyadh Cables Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 42.13%.

Riyadh Cables Group Co ROCE % Historical Data

The historical data trend for Riyadh Cables Group 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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Riyadh Cables Group Co ROCE % Chart

Riyadh Cables Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.44

13.56

14.07

20.24

28.04

Riyadh Cables Group Co Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										28.20	28.67	32.97	30.98	42.13

Riyadh Cables Group Co ROCE % Calculation

Riyadh Cables Group 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 )
	=	648.216	/	( ( (4623.883 - 2380.599)	+	(4830.929 - 2450.142) )	/ 2 )
	=	648.216	/	( (2243.284	+	2380.787)	/ 2 )
	=	648.216	/	2312.0355
	=	28.04 %

Riyadh Cables Group 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 )
	=	1120.98	/	( ( (5695.388 - 3154.147)	+	(6212.08 - 3432.396) )	/ 2 )
	=	1120.98	/	( ( 2541.241	+	2779.684 )	/ 2 )
	=	1120.98	/	2660.4625
	=	42.13 %

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

Riyadh Cables Group Co (SAU:4142) 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.

Riyadh Cables Group Co ROCE % Related Terms

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Riyadh Cables Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Riyadh Cables Group Co (SAU:4142) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Al Kharj Road Street No. 175, 3rd Lane Zone, D, 2nd industrial City, P.O.Box 26862, Riyadh, SAU, 11496

Website

https://www.riyadh-cables.com

Riyadh Cables Group Co manufactures and supplies all types of wire and cables at its state-of-art facilities. The company's products include Wires, Low Voltage Cables (LV), Medium Voltage Cables (MV), High & Extra High Voltage Cables (HV/EHV), Overhead Lines Conductors Cables (OHL), Instrumentation & Control Cables, Renewable Energy Cables, and Fiber Optic & Telephone Cables. The company operates in three segments, Cable & Wires segment includes Electrical cables, the HV Project segment includes Turnkey projects, and the Other segments include Telephone cables & services. The majority of revenue is generated from Cable & Wires segment.

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