Knowledge Economic City (SAU:4310) ROCE % : -2.28% (As of Dec. 2023)

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What is Knowledge Economic City 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. Knowledge Economic City's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.28%.

Knowledge Economic City ROCE % Historical Data

The historical data trend for Knowledge Economic City'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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Knowledge Economic City ROCE % Chart

Knowledge Economic City Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.19

-0.20

-0.35

-0.36

-1.09

Knowledge Economic City Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.70	-0.90	0.09	-1.23	-2.28

Knowledge Economic City ROCE % Calculation

Knowledge Economic City'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 )
	=	-38.951	/	( ( (3508.734 - 73.124)	+	(3870.18 - 171.01) )	/ 2 )
	=	-38.951	/	( (3435.61	+	3699.17)	/ 2 )
	=	-38.951	/	3567.39
	=	-1.09 %

Knowledge Economic City's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-83.524	/	( ( (3745.185 - 102.162)	+	(3870.18 - 171.01) )	/ 2 )
	=	-83.524	/	( ( 3643.023	+	3699.17 )	/ 2 )
	=	-83.524	/	3671.0965
	=	-2.28 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Knowledge Economic City (SAU:4310) 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.

Knowledge Economic City ROCE % Related Terms

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Knowledge Economic City (SAU:4310) Business Description

Industry

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Traded in Other Exchanges

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Address

Diwan Al Marefah, King Abdul Aziz Road, P.O. Box 43033, Almadinah Almonawara, Medina, SAU, 41561

Website

https://www.madinahkec.com

Knowledge Economic City is engaged in developing real estate, economic cities and other development projects including infrastructure, telecommunication networks,electricity plants, water treatment plants and other works related to developing economic cities in the Kingdom of Saudi Arabia. The Company owns land parcels in Madinah Al-Munawarah and is the developer for transforming such land parcels into an economic city.

Knowledge Economic City (SAU:4310) Headlines

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