Mohammed Hasan Al Naqool Sons (SAU:9514) ROCE % : 5.74% (As of Jun. 2024)

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What is Mohammed Hasan Al Naqool Sons 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. Mohammed Hasan Al Naqool Sons's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.74%.

Mohammed Hasan Al Naqool Sons ROCE % Historical Data

The historical data trend for Mohammed Hasan Al Naqool Sons'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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Mohammed Hasan Al Naqool Sons ROCE % Chart

Mohammed Hasan Al Naqool Sons Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.91

17.22

20.10

2.71

3.00

Mohammed Hasan Al Naqool Sons Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								1.94	3.33	0.87	5.00	5.74

Mohammed Hasan Al Naqool Sons ROCE % Calculation

Mohammed Hasan Al Naqool Sons'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 )
	=	2.108	/	( ( (90.302 - 23.006)	+	(103.511 - 30.237) )	/ 2 )
	=	2.108	/	( (67.296	+	73.274)	/ 2 )
	=	2.108	/	70.285
	=	3.00 %

Mohammed Hasan Al Naqool Sons's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	4.288	/	( ( (103.511 - 30.237)	+	(113.108 - 36.938) )	/ 2 )
	=	4.288	/	( ( 73.274	+	76.17 )	/ 2 )
	=	4.288	/	74.722
	=	5.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Mohammed Hasan Al Naqool Sons (SAU:9514) 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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Mohammed Hasan Al Naqool Sons Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Mohammed Hasan Al Naqool Sons (SAU:9514) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Dammam 2nd Industrial City, Dammam, SAU, 34353

Website

https://www.alnaqool.com

Mohammed Hasan Al Naqool Sons engage in the manufacturing and production of ready-mixed concrete. It produces Ready Mix Concrete, bricks, and Blocks.

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