Arabian Food and Dairy Factories Co (SAU:9536) ROCE % : 22.41% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Arabian Food and Dairy Factories 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 Food and Dairy Factories Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.41%.

Arabian Food and Dairy Factories Co ROCE % Historical Data

The historical data trend for Arabian Food and Dairy Factories 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.

* Premium members only.

Arabian Food and Dairy Factories Co ROCE % Chart

Arabian Food and Dairy Factories Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

18.12

12.64

18.30

Arabian Food and Dairy Factories Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			15.94	1.11	25.12	14.31	22.41

Arabian Food and Dairy Factories Co ROCE % Calculation

Arabian Food and Dairy Factories 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 )
	=	6.858	/	( ( (44.145 - 7.903)	+	(47.682 - 8.974) )	/ 2 )
	=	6.858	/	( (36.242	+	38.708)	/ 2 )
	=	6.858	/	37.475
	=	18.30 %

Arabian Food and Dairy Factories 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 )
	=	8.478	/	( ( (48.607 - 11.663)	+	(47.682 - 8.974) )	/ 2 )
	=	8.478	/	( ( 36.944	+	38.708 )	/ 2 )
	=	8.478	/	37.826
	=	22.41 %

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

Arabian Food and Dairy Factories Co (SAU:9536) 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.

Arabian Food and Dairy Factories Co ROCE % Related Terms

Thank you for viewing the detailed overview of Arabian Food and Dairy Factories Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Arabian Food and Dairy Factories Co (SAU:9536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Arabian Food and Dairy Factories Co (SAU:9536) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dammam Industrial City, P.O.Box 195, Dammam, SAU, 31952

Website

https://www.fadeco.com

Arabian Food and Dairy Factories Co is engaged in the production and sale of ice cream within the Kingdom of Saudi Arabia, and the company operates in a single geographical segment which is the Kingdom of Saudi Arabia.

Arabian Food and Dairy Factories Co (SAU:9536) Headlines

No Headlines