Saudi Top for Trading Co (SAU:9552) ROCE % : 10.06% (As of Jun. 2024)

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What is Saudi Top for Trading 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 Top for Trading Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.06%.

Saudi Top for Trading Co ROCE % Historical Data

The historical data trend for Saudi Top for Trading 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 Top for Trading Co ROCE % Chart

Saudi Top for Trading Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

297.34

44.78

7.42

Saudi Top for Trading Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			79.88	21.60	8.78	5.89	10.06

Saudi Top for Trading Co ROCE % Calculation

Saudi Top for Trading 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 )
	=	6.326	/	( ( (129.577 - 37.76)	+	(133.292 - 54.608) )	/ 2 )
	=	6.326	/	( (91.817	+	78.684)	/ 2 )
	=	6.326	/	85.2505
	=	7.42 %

Saudi Top for Trading 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 )
	=	8.054	/	( ( (133.292 - 54.608)	+	(141.344 - 59.889) )	/ 2 )
	=	8.054	/	( ( 78.684	+	81.455 )	/ 2 )
	=	8.054	/	80.0695
	=	10.06 %

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

Saudi Top for Trading Co (SAU:9552) 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 Top for Trading Co ROCE % Related Terms

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Saudi Top for Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Top for Trading Co (SAU:9552) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3776 Eastern Ring Road, Alnoor District, Riyadh, SAU, 14321

Website

https://www.stp.com.sa

Saudi Top for Trading Co is engaged in the plastic raw materials business as a trading company or manufacturer and also an authorized distributor for petrochemical-producing companies. The company's product portfolio includes Polyethylene WAX, Polyethylene, Polyethylene Terephthalate, Thermoplastic Elastomers, Styrenics, Polypropylene Rubber, and Engineering Polymers.

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