Saudi Fisheries Co (SAU:6050) ROCE % : -73.48% (As of Sep. 2024)

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What is Saudi Fisheries 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. Saudi Fisheries Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -73.48%.

Saudi Fisheries Co ROCE % Historical Data

The historical data trend for Saudi Fisheries 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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Saudi Fisheries Co ROCE % Chart

Saudi Fisheries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.13

-14.54

-9.62

-19.70

-33.90

Saudi Fisheries Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-51.36	-76.23	-16.00	-22.89	-73.48

Saudi Fisheries Co ROCE % Calculation

Saudi Fisheries 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 )
	=	-79.609	/	( ( (344.256 - 67.912)	+	(271.74 - 78.399) )	/ 2 )
	=	-79.609	/	( (276.344	+	193.341)	/ 2 )
	=	-79.609	/	234.8425
	=	-33.90 %

Saudi Fisheries Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-96.964	/	( ( (248.011 - 89.351)	+	(184.046 - 78.776) )	/ 2 )
	=	-96.964	/	( ( 158.66	+	105.27 )	/ 2 )
	=	-96.964	/	131.965
	=	-73.48 %

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

Saudi Fisheries Co (SAU:6050) 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.

Saudi Fisheries Co ROCE % Related Terms

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Saudi Fisheries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Saudi Fisheries Co (SAU:6050) » Definitions » ROCE %

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Address

Al Malaz, 8705 Nasr Bin Ghanem, Riyadh, SAU, 12641-2640

Website

https://www.alasmak.com.sa

Saudi Fisheries Co specializes in its field and has accumulated expertise and infrastructure in the marine fishing, aquaculture, logistics, food, and seafood industries, commercial and wholesale sectors, and the operation and management of a number of seafood restaurants. It is involved in fishing in international waters, fish farming in the seas, and other activities for the processing and preservation of shrimps and aquatic organisms, shrimps, and seafood grilling shops.

Saudi Fisheries Co Headlines

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