Lumi Rental Co (SAU:4262) ROCE % : 13.22% (As of Dec. 2024)

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What is Lumi Rental 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. Lumi Rental Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.22%.

Lumi Rental Co ROCE % Historical Data

The historical data trend for Lumi Rental 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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Lumi Rental Co ROCE % Chart

Lumi Rental Co Annual Data

Trend

Dec22

Dec23

Dec24

ROCE %

13.40

13.89

14.53

Lumi Rental Co Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial					9.89	14.53	14.23	12.68	13.22

Lumi Rental Co ROCE % Calculation

Lumi Rental Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	313.779	/	( ( (3246.402 - 1214.689)	+	(3374.325 - 1086.022) )	/ 2 )
	=	313.779	/	( (2031.713	+	2288.303)	/ 2 )
	=	313.779	/	2160.008
	=	14.53 %

Lumi Rental Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	306.872	/	( ( (3328.5 - 974.442)	+	(3374.325 - 1086.022) )	/ 2 )
	=	306.872	/	( ( 2354.058	+	2288.303 )	/ 2 )
	=	306.872	/	2321.1805
	=	13.22 %

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

Lumi Rental Co (SAU:4262) 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.

Lumi Rental Co ROCE % Related Terms

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Lumi Rental Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lumi Rental Co (SAU:4262) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud Bin Abdulaziz Bin Mohammed road, P.O box 6477, Al-Taawun District, Riyadh, SAU, 12476

Website

https://www.lumirental.com

Lumi Rental Co is a Car rental company that offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has three reportable segments which are Leasing segment includes Providing vehicles on long-term leases to corporate and government customers. Rental segment includes Providing vehicles on daily, weekly, and monthly rentals to walking and corporate customers, and Used car sale segment provides the sale of vehicles that have completed their economical life as per management policy. Key revenue is generated from leasing.

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