Arabian International Healthcare Holding Co (SAU:9530) ROCE % : 33.95% (As of Dec. 2023)

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What is Arabian International Healthcare Holding 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. Arabian International Healthcare Holding Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 33.95%.

Arabian International Healthcare Holding Co ROCE % Historical Data

The historical data trend for Arabian International Healthcare Holding 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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Arabian International Healthcare Holding Co ROCE % Chart

Arabian International Healthcare Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

24.53

34.00

22.01

11.09

17.15

Arabian International Healthcare Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			37.87	-4.69	28.54	1.27	33.95

Arabian International Healthcare Holding Co ROCE % Calculation

Arabian International Healthcare Holding 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 )
	=	90.086	/	( ( (1408.802 - 885.356)	+	(1401.427 - 874.234) )	/ 2 )
	=	90.086	/	( (523.446	+	527.193)	/ 2 )
	=	90.086	/	525.3195
	=	17.15 %

Arabian International Healthcare Holding 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 )
	=	173.702	/	( ( (1425.563 - 929.449)	+	(1401.427 - 874.234) )	/ 2 )
	=	173.702	/	( ( 496.114	+	527.193 )	/ 2 )
	=	173.702	/	511.6535
	=	33.95 %

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

Arabian International Healthcare Holding Co (SAU:9530) 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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Arabian International Healthcare Holding Co (SAU:9530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Arabian International Healthcare Holding Co (SAU:9530) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Marhoma Street, Business Gate, Qortubah, Riyadh, SAU

Website

https://www.tibbiyah.com

Arabian International Healthcare Holding Co provides integrated medical solutions to healthcare providers in the health sector in Saudi Arabia through its subsidiaries. Its projects include Cardiology, Intensive care, Operating rooms, Oncology, Hospital Infrastructure, and Others.

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