Leen Alkhair Trading Co (SAU:9555) ROCE % : 4.49% (As of Jun. 2024)

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What is Leen Alkhair 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. Leen Alkhair Trading Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.49%.

Leen Alkhair Trading Co ROCE % Historical Data

The historical data trend for Leen Alkhair 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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Leen Alkhair Trading Co ROCE % Chart

Leen Alkhair Trading Co Annual Data

Trend

Dec22

Dec23

ROCE %

16.91

8.78

Leen Alkhair Trading Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	17.83	10.83	7.54	4.49

Leen Alkhair Trading Co ROCE % Calculation

Leen Alkhair 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 )
	=	16.931	/	( ( (225.931 - 76.986)	+	(297.87 - 61.22) )	/ 2 )
	=	16.931	/	( (148.945	+	236.65)	/ 2 )
	=	16.931	/	192.7975
	=	8.78 %

Leen Alkhair 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 )
	=	10.772	/	( ( (297.87 - 61.22)	+	(316.134 - 72.86) )	/ 2 )
	=	10.772	/	( ( 236.65	+	243.274 )	/ 2 )
	=	10.772	/	239.962
	=	4.49 %

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

Leen Alkhair Trading Co (SAU:9555) 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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Leen Alkhair Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Leen Alkhair Trading Co (SAU:9555) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, Riyadh, SAU, 12313

Website

https://www.leenalkhair.com

Leen Alkhair Trading Co engages in growing, importing, and distributing fresh vegetables and fruits. Its activities comprise wholesale of fruits, vegetables, dates, dairy products, eggs, and egg products. In addition. it also wholesale meat, meat products, frozen meat and poultry, sugar, and its products among others.

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