Alwasail Industrial Co (SAU:9525) ROCE % : 11.00% (As of Dec. 2023)

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What is Alwasail Industrial 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. Alwasail Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.00%.

Alwasail Industrial Co ROCE % Historical Data

The historical data trend for Alwasail Industrial 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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Alwasail Industrial Co ROCE % Chart

Alwasail Industrial Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

10.85

11.19

11.17

Alwasail Industrial Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			11.78	11.79	10.93	11.46	11.00

Alwasail Industrial Co ROCE % Calculation

Alwasail Industrial 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 )
	=	42.377	/	( ( (460.074 - 91.448)	+	(507.088 - 117.04) )	/ 2 )
	=	42.377	/	( (368.626	+	390.048)	/ 2 )
	=	42.377	/	379.337
	=	11.17 %

Alwasail Industrial 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 )
	=	42.118	/	( ( (521.211 - 145.62)	+	(507.088 - 117.04) )	/ 2 )
	=	42.118	/	( ( 375.591	+	390.048 )	/ 2 )
	=	42.118	/	382.8195
	=	11.00 %

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

Alwasail Industrial Co (SAU:9525) 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.

Alwasail Industrial Co ROCE % Related Terms

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Alwasail Industrial Co (SAU:9525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alwasail Industrial Co (SAU:9525) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ar Riyadh - Al Qassim, Al Madinah, SAU, 3806

Website

https://www.alwasail.com

Alwasail Industrial Co manufacturers of polyethylene pipes and fittings mainly for irrigation, telecom, drinking water, firefighting networks and gas and oil transport systems.

Alwasail Industrial Co (SAU:9525) Headlines

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