Bin Dawood Holding (SAU:4161) ROCE % : 12.32% (As of Jun. 2024)

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What is Bin Dawood Holding 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. Bin Dawood Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.32%.

Bin Dawood Holding ROCE % Historical Data

The historical data trend for Bin Dawood Holding'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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Bin Dawood Holding ROCE % Chart

Bin Dawood Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

14.71

15.41

9.50

6.61

10.95

Bin Dawood Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial														10.58	6.81	16.81	10.14	12.32

Bin Dawood Holding ROCE % Calculation

Bin Dawood Holding'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 )
	=	382.007	/	( ( (4841.515 - 1332.924)	+	(4986.345 - 1518.607) )	/ 2 )
	=	382.007	/	( (3508.591	+	3467.738)	/ 2 )
	=	382.007	/	3488.1645
	=	10.95 %

Bin Dawood Holding's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	433.036	/	( ( (5254.452 - 1794.371)	+	(5172.461 - 1602.639) )	/ 2 )
	=	433.036	/	( ( 3460.081	+	3569.822 )	/ 2 )
	=	433.036	/	3514.9515
	=	12.32 %

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

Bin Dawood Holding (SAU:4161) 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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Bin Dawood Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Bin Dawood Holding (SAU:4161) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Madinah Al-Munawarah Road, PO.Box: 51190, Jeddah, SAU, 21543

Website

https://www.bindawoodholding.com

Bin Dawood Holding is the grocery retail operator of hypermarkets and supermarkets in Saudi Arabia. The company's Stores comprise trading of FMCG, fresh Food Products, and Non-Food Products, including household consumable items, as well as the ownership and management of in-store bakeries.

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