Natural Gas Distribution Co (SAU:9516) ROCE % : 7.25% (As of Dec. 2023)

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What is Natural Gas Distribution 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. Natural Gas Distribution Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.25%.

Natural Gas Distribution Co ROCE % Historical Data

The historical data trend for Natural Gas Distribution 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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Natural Gas Distribution Co ROCE % Chart

Natural Gas Distribution Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

4.31

6.80

6.23

Natural Gas Distribution Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			4.63	3.01	10.80	4.84	7.25

Natural Gas Distribution Co ROCE % Calculation

Natural Gas Distribution 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 )
	=	3.777	/	( ( (86.345 - 27.914)	+	(88.406 - 25.529) )	/ 2 )
	=	3.777	/	( (58.431	+	62.877)	/ 2 )
	=	3.777	/	60.654
	=	6.23 %

Natural Gas Distribution Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	4.594	/	( ( (94.298 - 30.398)	+	(88.406 - 25.529) )	/ 2 )
	=	4.594	/	( ( 63.9	+	62.877 )	/ 2 )
	=	4.594	/	63.3885
	=	7.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Natural Gas Distribution Co (SAU:9516) 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.

Natural Gas Distribution Co ROCE % Related Terms

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Natural Gas Distribution Co (SAU:9516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Natural Gas Distribution Co (SAU:9516) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O. 000512, Second Industrial City, Riyadh, SAU, 11382

Website

http://www.ngdc.com.sa

Natural Gas Distribution Co owns and maintains natural gas networks. The company.s activity is the distribution of gaseous fuels through pipes and gas pipelines, their maintenance and repair, the wholesale sale of gaseous fuels, and the transportation of natural gas through pipelines. Its core business is to supply the factories located in the second industrial city of Riyadh. The company is supplied with natural gas from Saudi Aramco through the main pipeline. Its services include the operation and maintenance of natural gas networks.

Natural Gas Distribution Co (SAU:9516) Headlines

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