Advance International Co for Communication and Information Technology (SAU:9524) ROCE % : 23.50% (As of Jun. 2024)

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What is Advance International Co for Communication and Information Technology 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. Advance International Co for Communication and Information Technology's annualized ROCE % for the quarter that ended in Jun. 2024 was 23.50%.

Advance International Co for Communication and Information Technology ROCE % Historical Data

The historical data trend for Advance International Co for Communication and Information Technology'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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Advance International Co for Communication and Information Technology ROCE % Chart

Advance International Co for Communication and Information Technology Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

12.80

0.41

10.14

Advance International Co for Communication and Information Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			0.30	0.31	24.56	-4.38	23.50

Advance International Co for Communication and Information Technology ROCE % Calculation

Advance International Co for Communication and Information Technology'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 )
	=	3.823	/	( ( (58.334 - 22.172)	+	(62.941 - 23.724) )	/ 2 )
	=	3.823	/	( (36.162	+	39.217)	/ 2 )
	=	3.823	/	37.6895
	=	10.14 %

Advance International Co for Communication and Information Technology'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 )
	=	10.642	/	( ( (62.941 - 23.724)	+	(70.194 - 18.851) )	/ 2 )
	=	10.642	/	( ( 39.217	+	51.343 )	/ 2 )
	=	10.642	/	45.28
	=	23.50 %

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

Advance International Co for Communication and Information Technology (SAU:9524) 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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Advance International Co for Communication and Information Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Advance International Co for Communication and Information Technology (SAU:9524) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, Olaya District 7792, PO Box 54823, In Fornt Of Al Faislia, Riyadh, SAU, 12313

Website

https://www.aictec.com

Advance International Co for Communication and Information Technology is engaged in the import, sale, installation, operation, and maintenance of security surveillance cameras, bag and parcel inspection devices, security fences, biometric magnetic card entry, and exit gates, communications technology, networks, and computer software.

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