Catrion Catering Holding Co (SAU:6004) ROCE % : 21.49% (As of Mar. 2024)

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What is Catrion Catering Holding 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. Catrion Catering Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.49%.

Catrion Catering Holding Co ROCE % Historical Data

The historical data trend for Catrion Catering Holding 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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Catrion Catering Holding Co ROCE % Chart

Catrion Catering Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.91

-16.87

4.36

21.68

21.85

Catrion Catering Holding Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															19.41	20.75	27.48	20.76	21.49

Catrion Catering Holding Co ROCE % Calculation

Catrion Catering Holding 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 )
	=	336.636	/	( ( (2031.195 - 562.604)	+	(2194.892 - 582.019) )	/ 2 )
	=	336.636	/	( (1468.591	+	1612.873)	/ 2 )
	=	336.636	/	1540.732
	=	21.85 %

Catrion Catering Holding 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 )
	=	342.104	/	( ( (2194.892 - 582.019)	+	(2319.397 - 747.931) )	/ 2 )
	=	342.104	/	( ( 1612.873	+	1571.466 )	/ 2 )
	=	342.104	/	1592.1695
	=	21.49 %

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

Catrion Catering Holding Co (SAU:6004) 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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Catrion Catering Holding Co (SAU:6004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Catrion Catering Holding Co (SAU:6004) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Al Saeb Al Jomhi Street, Prince Sultan Bin Abdulaziz Road, P.O Box 9178, Almohammadya District (5), Jeddah, SAU, 21413

Website

https://www.saudiacatering.com

Catrion Catering Holding Co formerly Saudi Airlines Catering Co is engaged in the provision of cooked and non-cooked food to private and public sectors, provision of sky sales, operation and management of duty-free zones in Saudi Arabian airports, and ownership, operation, and management of restaurants at airports and other places, and the ownership, operation, and management of central laundries. The Company mainly provides catering services to Saudi Arabian Airlines and other foreign airlines. The company has three operating segments; Inflight includes Inflight catering, airline equipment, and business lounge, Retail includes Onboard, ground, and online, and Catering and Facilities include Remote & Camp management, Business & Industries catering, Security services, Laundry services.

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