Keir International Co (SAU:9542) ROCE % : 7.83% (As of Dec. 2023)

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What is Keir International 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. Keir International Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.83%.

Keir International Co ROCE % Historical Data

The historical data trend for Keir International 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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Keir International Co ROCE % Chart

Keir International Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

9.49

10.51

6.57

Keir International Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	7.51	13.23	5.54	7.83

Keir International Co ROCE % Calculation

Keir International 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 )
	=	17.021	/	( ( (402.016 - 140.65)	+	(485.242 - 228.81) )	/ 2 )
	=	17.021	/	( (261.366	+	256.432)	/ 2 )
	=	17.021	/	258.899
	=	6.57 %

Keir International 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 )
	=	19.864	/	( ( (434.694 - 183.764)	+	(485.242 - 228.81) )	/ 2 )
	=	19.864	/	( ( 250.93	+	256.432 )	/ 2 )
	=	19.864	/	253.681
	=	7.83 %

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

Keir International Co (SAU:9542) 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.

Keir International Co ROCE % Related Terms

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Keir International Co (SAU:9542) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keir International Co (SAU:9542) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6678 Wag Valley, Building 67, Area 632, Al Malga District, Riyadh, SAU, 13524-3744

Website

https://www.keir.com.sa

Keir International Co is engaged in laying pipes of all kinds for electricity, communication, etc., installation and maintenance of security devices, repair and maintenance of stations and towers of telecommunications and radar, real state development and residential buildings with modern construction methods, network extensions, extensions of electrical wires, communication wires. The company has two reportable segments which include Telecommunication and Power out of which the majority of its revenue derives from the Telecommunication segment.

Keir International Co (SAU:9542) Headlines

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