Arabian Plastic Industrial Co (SAU:9548) ROCE % : 16.96% (As of Dec. 2023)

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What is Arabian Plastic 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. Arabian Plastic Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.96%.

Arabian Plastic Industrial Co ROCE % Historical Data

The historical data trend for Arabian Plastic 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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Arabian Plastic Industrial Co ROCE % Chart

Arabian Plastic Industrial Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

8.17

10.54

13.94

17.33

Arabian Plastic Industrial Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			12.33	14.50	14.21	17.68	16.96

Arabian Plastic Industrial Co ROCE % Calculation

Arabian Plastic 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 )
	=	16.445	/	( ( (164.774 - 76.297)	+	(196.875 - 95.538) )	/ 2 )
	=	16.445	/	( (88.477	+	101.337)	/ 2 )
	=	16.445	/	94.907
	=	17.33 %

Arabian Plastic 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 )
	=	16.658	/	( ( (164.395 - 69.256)	+	(196.875 - 95.538) )	/ 2 )
	=	16.658	/	( ( 95.139	+	101.337 )	/ 2 )
	=	16.658	/	98.238
	=	16.96 %

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

Arabian Plastic Industrial Co (SAU:9548) 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 Plastic Industrial Co (SAU:9548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arabian Plastic Industrial Co (SAU:9548) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street 45, Phase 3, Industrial City 1, Jeddah, SAU

Website

https://www.apico.com.sa

Arabian Plastic Industrial Co is a plastic packaging and thermoplastic injection company. The company provides superior injection molding production services, as well as high-quality extrusion of films, blow molding and thermoforming disposable products.

Arabian Plastic Industrial Co (SAU:9548) Headlines

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