National Co for Learning and Education (SAU:4291) ROCE % : 15.07% (As of Feb. 2024)

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What is National Co for Learning and Education 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. National Co for Learning and Education's annualized ROCE % for the quarter that ended in Feb. 2024 was 15.07%.

National Co for Learning and Education ROCE % Historical Data

The historical data trend for National Co for Learning and Education'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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National Co for Learning and Education ROCE % Chart

National Co for Learning and Education Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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9.67

8.98

4.31

10.15

12.02

National Co for Learning and Education Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															14.43	13.81	9.07	13.81	15.07

National Co for Learning and Education ROCE % Calculation

National Co for Learning and Education's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	113.838	/	( ( (1003.683 - 172.664)	+	(1333.8 - 270.633) )	/ 2 )
	=	113.838	/	( (831.019	+	1063.167)	/ 2 )
	=	113.838	/	947.093
	=	12.02 %

National Co for Learning and Education's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	160.264	/	( ( (1328.464 - 246.733)	+	(1267.527 - 222.085) )	/ 2 )
	=	160.264	/	( ( 1081.731	+	1045.442 )	/ 2 )
	=	160.264	/	1063.5865
	=	15.07 %

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

National Co for Learning and Education (SAU:4291) 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.

National Co for Learning and Education ROCE % Related Terms

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National Co for Learning and Education (SAU:4291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » National Co for Learning and Education (SAU:4291) » Definitions » ROCE %

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Address

Prince Majid Bin Abdul Aziz Street, P.O. Box 41980, Al Nozha Neighborhood, Al Rayyan District, Riyadh, SAU, 11531

Website

https://www.edu.com.sa

National Co for Learning and Education is a provider of educational and learning services based in Riyadh, Saudi Arabia. It is engaged in ownership, establishment and management of private schools for general education (pre-university) in addition to investment in sport and entertainment along with sport clubs for school students. The company offers educational complexes that accommodate more than 15 thousand students, distributed in all stages from kindergarten, primary, intermediate and high school, according to the national curriculum and international curricula, with scientific laboratories on one hand, and entertainment facilities and sports clubs on the other hand. The company's business segments include Al-Rayan schools, Al-Rawabi schools, Al-Nuzha schools among others.

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