Saudi Parts Center Co (SAU:9533) ROCE % : 5.50% (As of Jun. 2024)

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What is Saudi Parts Center 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. Saudi Parts Center Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.50%.

Saudi Parts Center Co ROCE % Historical Data

The historical data trend for Saudi Parts Center 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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Saudi Parts Center Co ROCE % Chart

Saudi Parts Center Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

16.00

18.66

16.26

Saudi Parts Center Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			15.59	21.74	13.60	18.97	5.50

Saudi Parts Center Co ROCE % Calculation

Saudi Parts Center 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 )
	=	8.672	/	( ( (67.871 - 17.719)	+	(81.896 - 25.361) )	/ 2 )
	=	8.672	/	( (50.152	+	56.535)	/ 2 )
	=	8.672	/	53.3435
	=	16.26 %

Saudi Parts Center Co'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 )
	=	3.126	/	( ( (81.896 - 25.361)	+	(105.238 - 48.12) )	/ 2 )
	=	3.126	/	( ( 56.535	+	57.118 )	/ 2 )
	=	3.126	/	56.8265
	=	5.50 %

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

Saudi Parts Center Co (SAU:9533) 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.

Saudi Parts Center Co ROCE % Related Terms

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Saudi Parts Center Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saudi Parts Center Co (SAU:9533) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8592 King Fahd Branch Road, Tulip Tower, Al Olaya, Riyadh, SAU, 12333

Website

https://www.spc-parts.com

Saudi Parts Center Co is engaged in repair and maintenance of engines, electric generators and steam generators, wholesale and retail trading of spare parts of truck and heavy transport, agricultural equipment, industrial equipment, construction equipment and machinery.

Saudi Parts Center Co Headlines

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