SALudi Logistics Services Co (SAU:4263) ROCE % : 33.26% (As of Mar. 2024)

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What is SALudi Logistics Services 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. SALudi Logistics Services Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.26%.

SALudi Logistics Services Co ROCE % Historical Data

The historical data trend for SALudi Logistics Services 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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SALudi Logistics Services Co ROCE % Chart

SALudi Logistics Services Co Annual Data

Trend

Dec22

Dec23

ROCE %

15.15

21.78

SALudi Logistics Services Co Quarterly Data
	Dec22	Mar23	Dec23	Mar24
ROCE %	-	18.35	-	33.26

SALudi Logistics Services Co ROCE % Calculation

SALudi Logistics Services 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 )
	=	635.946	/	( ( (3283.523 - 344.476)	+	(3284.973 - 385.42) )	/ 2 )
	=	635.946	/	( (2939.047	+	2899.553)	/ 2 )
	=	635.946	/	2919.3
	=	21.78 %

SALudi Logistics Services Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	970.052	/	( ( (3284.973 - 385.42)	+	(3354.354 - 420.133) )	/ 2 )
	=	970.052	/	( ( 2899.553	+	2934.221 )	/ 2 )
	=	970.052	/	2916.887
	=	33.26 %

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

SALudi Logistics Services Co (SAU:4263) 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.

SALudi Logistics Services Co ROCE % Related Terms

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SALudi Logistics Services Co (SAU:4263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAL Saudi Logistics Services Co (SAU:4263) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Road, P.O. Box 23525, Zahran Building, Salamah, Jeddah, SAU, 2661

Website

https://www.sal.sa

SAL Saudi Logistics Services Co is a company engaged in providing supply chain solutions in Saudi Arabia. It creates integrated solutions to deliver end-to-end services for businesses across the economy wide supply chain. The company has three streams; Air cargo handling, Terminal handling and logistics solutions. The maximum revenue of the company comes from Terminal Handling.

SALudi Logistics Services Co (SAU:4263) Headlines

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